2026-01-04 13:26:20

Recently, I noticed that the cost basis for short-term Bitcoin holders has dropped to around 98,958. This price level is quite interesting—during bear market rebounds, the market often quickly retraces back to this level. So, if there is a subsequent rebound, this price point will be worth paying close attention to. It can be considered an important resistance level in the near term. Whether Bitcoin can break through or faces resistance and pulls back depends on whether it can effectively stay above this level.

BTC1,92%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
7
Repost
Share

Comment

0/400

LiquidationHunter

· 01-07 12:57

98958 is indeed a very tight level, but I think the key still depends on whether it can break through.

View OriginalReply0

RektButAlive

· 01-06 09:21

98958 is indeed worth watching. The last rebound got stuck right here.

View OriginalReply0

ForkTongue

· 01-05 16:16

98958 this level is indeed interesting, but I'm more concerned about whether it can really break through --- Another resistance level, can it break this time? Feels like everyone is watching this number --- The short-term holder's cost basis has fallen to this point; whether it rebounds or not depends on the subsequent trend --- Resistance level, resistance level, I say this every time. Might as well just bet on the direction directly --- Hmm, 98958, noted. We'll see the reaction then

View OriginalReply0

NotSatoshi

· 01-04 13:56

The 98958 level is definitely worth watching; the rebound will depend on whether it can hold steady here.

View OriginalReply0

TradingNightmare