Bitcoin (BTC) has recently stalled at $78,000, a key resistance level identified by analysts at Charles Schwab. Jim Ferraioli, Director of Digital Currencies Research and Strategy, notes that this price reflects the average cost basis for active investors, indicating many are currently at a loss. The $83,000 level is particularly significant as it represents the average cost basis for spot Bitcoin Exchange-Traded Products (ETPs), where many new investors may look to sell to break even. Additionally, the 200-day simple moving average is just above this at nearly $87,000. Despite these resistance levels, the market has seen a surge in ETF inflows, with $1.5 billion reported last week alone, driven by institutional interest from firms like Morgan Stanley and Goldman Sachs. The market is also closely monitoring the progress of the Digital Asset Market Clarity Act of 2025, which has faced delays in the U.S. Senate. Retail investor sentiment remains bullish, with a rising confidence that Bitcoin will maintain its value above $76,000 in the near term.