ON-CHAIN ALERT: THE $113K - $115K $BTC RESISTANCE WALL IS HERE ๐จ
โBitcoin is at a pivotal moment. The latest on-chain data reveals a critical dynamic that could determine the next big move for the market. Bitcoin has recently been trading below the key cost basis of two major investor cohorts: the 1-month holders ($115.6k) and the 3-month holders ($113.6k). ๐
โWhy This Is So Important ๐
โThe Breakeven Trap: For the first time in weeks, a significant number of short-term holders are now "under water," holding positions at a loss. As the price attempts to rally, these investors will be looking to exit at their breakeven point, creating a powerful supply wall and strong resistance. This selling pressure could cap any upward momentum.
โA Healthy Correction? While this signals short-term pain, many analysts view it as a necessary cleansing of the market. Shaking out the "weak hands" who entered at recent highs is a classic precursor to a more sustainable rally. The key is whether bulls can absorb this selling pressure and push through.
โThe battle is on. The ability of Bitcoin to reclaim and hold above these critical levels will be a strong indicator for the entire market. A successful push above these on-chain resistance levels could signal the start of the next leg up, while a rejection could lead to a deeper correction.
โWhat's your take? Is this a healthy reset before a new all-time high, or is the market showing signs of a more prolonged pullback? Share your thoughts below! ๐ฌ
