Bitcoin is exchanged under the key holder cost basis. The 100K mark is what determines whether to turn the market back to the bullish dominance zone or to go down further.
Bitcoin is at a crossroads. The key crypto is trading at a key technical position. Market structure will depend on obtaining the single price point back.
CryptoQuant on X records Bitcoin below the 6-12 month holder cost base. This measure monitors coins that were moved recently. Traditionally, in cases where the price remains below this, markets become bearish.
The Make-or-Break Level Traders Watch
The cost basis is near $100K. Bitcoin has been stagnant for weeks. There are some signs of early rebound that are not yet confirmed.
According to CryptoQuant, the recovery of this mark shifts the market structure. Historically, a breakout indicates a shift in the trends towards the bullish. Further increases can be gained as the price reaches the mark.
Source: CryptoQuant
Assuming that the price does not increase above, the downward trend is maintained. There is a high risk of further decreases. The crypto has not shown a conclusive breakthrough.
You might also like: Bitcoin ETFs Pull $697M in One Day as BlackRock’s IBIT Leads Massive Market Inflows
What Happens Next Determines Market Direction
Governing by the 6-12 month holder cost basis is a directional filter. Remaining below holds bearish pressure. Breaking out liberates bullish momentum.
The participants will not be left waiting a long time before a resolution. The trend direction will be shown at the moment when Bitcoin approaches $100K. This is the technical level on which the result depends.
The current price action will determine whether crypto becomes bullish. The market is at a crossroads. The traders are watching the $100K range.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Gerelateerde artikelen
捷克央行行長 Aleš Michl：投資組合 1% 配置比特幣提升回報
根據 Bitcoin Magazine 於 4 月 29 日的報道，捷克國家銀行行長 Aleš Michl 在拉斯維加斯一場比特幣行業會議上表示，捷克國家銀行的內部研究顯示，將投資組合的 1% 配置至比特幣，可提升以捷克克朗計價的預期回報，同時整體投資組合風險基本保持不變。
MarketWhisper59m geleden
Czech National Bank Head: 1% Bitcoin Allocation Boosts Returns Without Increasing Overall Risk
Gate News message, April 29 — According to Bitcoin Magazine, Czech National Bank Governor Aleš Michl revealed that the bank's research on bitcoin investments shows that allocating 1% to bitcoin increases expected returns while keeping overall risk essentially unchanged.
"Allocating 1% of our
GateNews1u geleden
Forbes Accuses Eric Trump's American Bitcoin of Being Arbitrage Tool Exploiting MAGA Investor Sentiment
Gate News message, April 29 — Forbes published a critical report on American Bitcoin, the company led by Eric Trump, alleging it functions as an arbitrage tool exploiting MAGA investor sentiment rather than a legitimate "money printing machine" as promoted. According to Forbes, the company uses
GateNews1u geleden
Bitcoin Lending Protocol Tropykus Shuts Down, Deposits and Borrowing Functions to Cease on July 27
Gate News message, April 29 — Bitcoin lending protocol Tropykus announced a phased shutdown of its current version, with deposit and borrowing functions to be permanently discontinued. Users can withdraw funds and repay loans until July 27, 2026, after which interactions will only be supported
GateNews1u geleden
Bitcoin Attempts Bottom as Analyst Flags $79K and $65K Levels
Bitcoin is nearing a key price test that could confirm a bottom or expose this move as another failed attempt. The outcome will shape whether improving market conditions translate into a sustained recovery or stall again.
Key Takeaways:
Willy Woo identifies bitcoin’s cost basis near $79K as a
Coinpedia1u geleden
Bitcoin Holds Steady as Momentum Builds — Why These Are Emerging as the 4 Key Coins to Hold Ahead of a Potential Altcoin Surge
Early-stage altcoins are gaining attention as risk appetite gradually returns in 2026 crypto markets.
Utility-driven and meme-based tokens are attracting different types of investors with distinct motivations and expectations.
Market uncertainty remains high, with sentiment playing a
CryptoNewsLand1u geleden
