Analysts say key support for Bitcoin is at $81,700, and resistance is around $101,000.
TL;DR
Bitcoin's key support is at $81,700 from long-term holders, while resistance is around $101,000 and $114,650 from short-term holders, influencing potential price movements.
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According to ChainCatcher, CryptoQuant analyst Darkfost stated that Bitcoin's next major challenge is reclaiming the cost price of its initial long-term holders (those holding for 6 to 12 months), currently around $101,000. Long-term holders with 12 to 18 months have a cost price of approximately $81,700, which forms a significant support level. If Bitcoin falls back to this area, these holders are likely to hold onto their average purchase price.
Investors who bought near the January 2025 highs are still holding their positions. On the upside, there is resistance around $114,650, which corresponds to the cost price for short-term holders (holding cash for 3-6 months). This group significantly built positions near the highs, and if prices return to this range, some investors may choose to sell near their break-even point.