Bitcoin: the bounce is real, but TMM still caps the structure

Bitcoin-the-bounce-is-real-but-TMM-still-caps-the-structure

$BTC is still below True Market Mean Price. TMM is a core market reference level that reflects the cost basis of active market participants. It now sits near $78.3K, while the price-to-TMM ratio is around 0.95. That leaves price roughly 5% under this level.

The key point is not just the breakdown below TMM. Since losing that level, BTC has been trading sideways beneath it instead of reclaiming it. That makes the move more structural than temporary.

The ratio is no longer at the weakest part of the move, yet it remains below 1.0. That is improvement, not repair.

BTC bounced. TMM still caps the structure. Recovery is not confirmed  🧸  DYOR