Darkforth, an analyst from the cryptocurrency analytics company CryptoQuant, shared his assessment of the Bitcoin market.
According to the analyst, the most critical levels for Bitcoin in the short to medium term are $81,700, which serves as strong support, and $101,000, which represents a significant resistance point.
Darkforth stated that Bitcoin’s next major test is to break above the approximately $101,000 level, which is the average cost price of Bitcoins held for 6–12 months. This level represents strong resistance, both psychologically and technically, as it corresponds to the cost for early long-term investors.
On the other hand, the analyst noted that the average cost for long-term investors holding Bitcoin for 12-18 months is approximately $81,700, highlighting that this level is a critical support area for the market. According to Darkforth, if Bitcoin pulls back to this region, these investors are likely to prefer holding their positions rather than selling in order to protect their costs.
The analyst also noted that a large portion of investors who bought at prices near the peak levels in January 2025 are still holding their positions. In the upside scenario, Darkfost pointed out that the $114,650 level stands out as an additional resistance, noting that this level corresponds to the average cost for short-term investors with 3-6 month investment horizons. The analyst reminded that this group largely formed positions in the peak region, adding that if prices rise back to this range, some investors might choose to sell at the break-even point.
*This is not investment advice.