Darkforth, an analyst from the cryptocurrency analytics company CryptoQuant, shared his assessment of the Bitcoin market.
The most critical levels for Bitcoin in the short to medium term are $81,700, which is a strong support and $101,000 — “the key resistance point,” analyst said.
Darkforth said Bitcoin’s next big test is to surpass the $101,000 level, which is the average cost of Bitcoins held for 6–12 months. The psychologically and technically challenging level of this is the equivalent to the cost for early long-term investors, meaning that it represents strong resistance (i.e.
However, the analyst said ‘The typical price of long term investors holding Bitcoin for 12-18 months is around $81,700, which means that it’s one critical market support area. Darkforth said that if Bitcoin returns to this area, these investors would likely prefer holding their positions rather than selling in order to protect their costs.
The analyst also noted that “a large number of investors who bought at prices near the peak levels in January 2025 are still holding their positions.” Darkfost noted that the $114,650 level is a “significant addition to this resistance,” noting that it corresponds to the average cost of short-term investors with 3-6 month investment horizons. However, the analyst reminded that this group largely established positions in peak areas; “If prices go back to this range some investors may be willing to sell at the break-even stage of their investment.”
*This is not investment advice.
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