Darkforth, a market analyst from CryptoQuant specializing in cryptocurrency data, recently shared his insights on Bitcoin’s price dynamics.
He identified two pivotal price points for Bitcoin in the near to mid-term: $81,700 acting as a strong support level and $101,000 serving as a major resistance barrier.
According to Darkforth, Bitcoin’s immediate challenge is to surpass the roughly $101,000 mark. This figure represents the average acquisition cost of Bitcoins held by investors over the past 6 to 12 months. It poses significant psychological and technical resistance since it reflects the break-even point for many early long-term holders.
Conversely, he highlighted that investors who have maintained their positions for 12 to 18 months have an average cost basis near $81,700. This price acts as crucial support because these holders are more inclined to retain their assets rather than sell when prices approach this level in order to safeguard their investments.
The analyst also pointed out that numerous investors who purchased close to January 2025’s peak prices remain invested. Looking ahead at potential upward movements, Darkforth emphasized another key resistance around $114,650. This value corresponds with the average entry price of short-term holders with investment horizons between three and six months—many of whom bought during peak conditions—and may prompt some profit-taking if prices return there.
Please note: This commentary does not constitute financial advice.