Some analysts have mentioned that during the last correction, the average cost basis for BTC was around $100,000. Now, it is only 4% away from this psychological threshold. Each time the price rises to this zone, the previously trapped positions will face selling pressure. However, during repeated upward pushes, this selling pressure will gradually diminish. As long as the subsequent pullback does not fall below $90,000, this current upward trend is likely to continue. In the short term, the key is whether the $90,000 level can hold.
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HappyMinerUncle
· 7h ago
The 100,000 mark is really a bit annoying. Every time, people get trapped and sell off, but regardless of the consumption, it depends on whether the 90,000 can hold up.
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MelonField
· 7h ago
Is the $100,000 threshold really that tough? It feels like every time they say it needs to be broken through, but what happens then?
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LiquidityOracle
· 7h ago
The 100,000 threshold is just an illusion; the trapped traders have already escaped, haha.
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SignatureDenied
· 7h ago
The 100,000 mark is truly a curse; every time it gets stuck here, the trapped positions are really annoying.
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AirdropNinja
· 7h ago
The 90,000 level is really crucial. If it's broken, a re-accumulation phase will be needed; if it doesn't break, let's keep pushing higher.
Some analysts have mentioned that during the last correction, the average cost basis for BTC was around $100,000. Now, it is only 4% away from this psychological threshold. Each time the price rises to this zone, the previously trapped positions will face selling pressure. However, during repeated upward pushes, this selling pressure will gradually diminish. As long as the subsequent pullback does not fall below $90,000, this current upward trend is likely to continue. In the short term, the key is whether the $90,000 level can hold.