Analysts Watch BTC’s $78K Test as Retail Keeps Buying Dips

Analysts Watch BTC’s $78K Test as Retail Keeps Buying Dips
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Key Highlights:

Crypto analyst Evans tweeted that Bitcoin (BTC) is the average cost zone.
According to the post by the analyst, holders usually sell pumps and do not buy dips.
Coinbase CEO Brian Armstrong highlighted that retail users have increased their BTC/ETH holdings by buying dips.

According to a crypto analyst Evan, Bitcoin’s $78,000 mark is the average cost zone and this level has become a mental barrier more than a technical one. In his post on X today, February 16, 2026, he stated that this price zone is a “line in the sand” because a huge number of active traders bought Bitcoin for around $78,000. When BTC fell below that level, many of them were left holding losses.

If you check the charts below, you can see $78K is the line in the sand for Bitcoin rn
And most active traders bought btc at this price
This level really matters more for sentiment than pure TA .
Price is still below this zone and traders are in a huge loss
Usually they… pic.twitter.com/v

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