BlockBeats News, January 18 — CryptoQuant analyst Darkfost stated, "Bitcoin’s next major challenge is to recover the cost basis of the first group of long-term holders (holding for 6 to 12 months), which is currently around $101,000. The cost basis for long-term holders with 12 to 18 months of holding is approximately $81,700, which forms an important support zone. If Bitcoin retraces to this area, these holders are likely to defend their average purchase price. Investors who bought near the January 2025 high are still holding their positions.
On the upside, there is resistance around $114,650, corresponding to the cost basis of short-term holders (holding for 3–6 months). This group has significantly built positions near the high points. If the price returns to this range, some investors may choose to sell near the breakeven point."
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