Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?
Bitcoin’s price still appears to be below key levels. So far, the asset is still trading below $82,000, marking a slight increase of 0.3% over the past day, down about 24.3% from the all-time high (ATH) above $109,000 registered in January.
In this price performance, key price levels, especially those that affect short-term holders (STHS), investors who have held Bitcoin for less than six months have emerged.
Prices achieved by short-term holders: Key market indicators
Crypto Analyst Yonsei Dent has Sure A critical resistance zone is between $86K and $90K, and many STHs are still in the loss position. Bitcoin’s ability to break through these levels will determine whether it can restore momentum or Continue to downward trend.
Yonsei Dent stressed the importance of realizing prices, which represents the average acquisition cost for Bitcoin holders. This indicator helps identify support and resistance areas by showing what to do Price level Investors may lose money or sell.
Currently, Bitcoin is working to recover the $83,000 resistor, as the weighted average realized prices range from 1W to 6M and the STH is priced at $91.800. This means a lot Recent buyers Still losing money, creating sales pressure when trying to exit at a split level.
Additionally, STH’s 3-6M achieves a price of $86.100, making it the main resistance zone. Since the group has the largest CAP share among short-term holders, their trading activities could greatly affect the price movement of Bitcoin.
What does this mean for Bitcoin’s price action
With Bitcoin trading between $86,000 and $90,000, short-term holders selling at break-even prices may lead to Increase market volatility. If Bitcoin cannot surpass this resistance, it may face newer downward pressure.
On the downside, Bitcoin’s 60,000-120,000 long-term holders (LTH) achieved a price of $63.700, and $64,000 is a strong historical support level. Yonsei Dent points out that if Purchase requirements Bitcoin is strong enough to absorb sales pressure and could burst out the series and build a more bullish trend.
However, if selling from short-term holders is intensified, Bitcoin can retest lower support levels before a major recovery. Analysts noted:
As Bitcoin drives the $86K → $90K range, hopeful exit of STH may increase market turmoil. The key question is whether the purchase demand is enough to absorb this pressure. Let’s see how the market reacts.
Feature images created with DALL-E, charts for TradingView
