BITCOIN IS STUCK BETWEEN TWO COST-BASIS ZONES
Analyst Darkfost said on X that BTC is entering a cost-basis battle between 71,300 and 79,800 USD. BTC remains above 71,300 USD, the cost basis of active supply, while 79,800 USD, the investor cost basis, has become resistance after several rejections.
What stands out to me is the similarity to late 2023, although that does not mean history must repeat. The 71,300 USD level matters because it represents the average cost of supply that is actually active in the market. Holding it suggests selling pressure has not yet been strong enough to break the current structure. Meanwhile, 79,800 USD shows where invested capital is still facing pressure.
For that reason, I do not see enough confirmation to chase a direction yet. My preferred approach is to watch BTC’s reaction around both levels: holding 71,300 USD would preserve the current accumulation structure, while reclaiming and holding 79,800 USD would show a clearer shift in supply and demand.
If BTC keeps getting rejected below 79,800 USD, the range between the two levels could remain a zone of consolidation. Losing 71,300 USD would significantly weaken the cost-basis support thesis.
With the current data, I would stay defensive and wait for confirmation rather than move ahead of the market. If this logic makes sense, drop a follow for more market breakdowns.
Will BTC break above 79,800 USD first, or retest 71,300 USD?
Please do your own research carefully before making any transactions (DYOR). $BTC $ONE $COTI #Colecolen
Analyst Darkfost said on X that BTC is entering a cost-basis battle between 71,300 and 79,800 USD. BTC remains above 71,300 USD, the cost basis of active supply, while 79,800 USD, the investor cost basis, has become resistance after several rejections.
What stands out to me is the similarity to late 2023, although that does not mean history must repeat. The 71,300 USD level matters because it represents the average cost of supply that is actually active in the market. Holding it suggests selling pressure has not yet been strong enough to break the current structure. Meanwhile, 79,800 USD shows where invested capital is still facing pressure.
For that reason, I do not see enough confirmation to chase a direction yet. My preferred approach is to watch BTC’s reaction around both levels: holding 71,300 USD would preserve the current accumulation structure, while reclaiming and holding 79,800 USD would show a clearer shift in supply and demand.
If BTC keeps getting rejected below 79,800 USD, the range between the two levels could remain a zone of consolidation. Losing 71,300 USD would significantly weaken the cost-basis support thesis.
With the current data, I would stay defensive and wait for confirmation rather than move ahead of the market. If this logic makes sense, drop a follow for more market breakdowns.
Will BTC break above 79,800 USD first, or retest 71,300 USD?
Please do your own research carefully before making any transactions (DYOR). $BTC $ONE $COTI #Colecolen
