BTC trades steadily above $95K STH cost basis, with dips quickly reclaimed and $117K now acting as top-range resistance.
Price action has remained between the STH mean and +1 STD, avoiding the overheated zone and showing disciplined market behavior.
Despite May's rally, BTC failed to touch the $117K overheated band, confirming measured demand over speculative momentum.
Bitcoin continues to trade above its short-term holder cost basis, signaling stability despite recent price fluctuations. The STH cost model shows BTC maintaining strength within a tight, neutral band as of late June.
BTC Trades Between $95K Support and $117K Resistance
Bitcoin has remained inside a defined short-term range for the past six months, holding above $95,000. “The upper boundary +1 STD above the STH cost basis was tested only once in late May,” stated in an update by Glassnode. That level, now at $117,113, marks the upper band of short-term price action.
https://twitter.com/glassnode/status/1940385387467399273
The black line on the chart shows BTC fluctuating between roughly $75K and $110K, without breaching overheated territory. Most trading activity has occurred between the +1 STD (yellow band) and the average STH basis (blue band). This positioning reflects consistent demand from recent market participants.
BTC briefly dipped below the $95K line in late February and early April but quickly reclaimed that support. These reactions show traders continue defending short-term cost levels, reinforcing this band as a key pivot zone. Support below remains untested, with the −1 STD (green band) sitting near $85K.
Overheated Zone Stays Untouched Despite May Rally
The overheated zone, marked by the red +2 STD band, has stayed untouched throughout the first half of 2025. While BTC pushed toward this level in late May, it reversed before breaching $117K. This signals that momentum cooled naturally, without triggering extreme speculative pressure.
According to Glassnode, the price structure suggests the market avoided excess during high volatility. The model shows traders respected structural limits, instead anchoring prices within historical mean ranges. That positioning now acts as a barrier to aggressive overvaluation.
From April onward, the price held between the blue and yellow bands while trending upward in a gradual recovery. This structure aligns with a strong but not overheated rally, balancing risk and support effectively. It reflects calculated accumulation rather than emotional market behavior.
June Ends With BTC Hovering Near Mid-Band Zone
By the end of June, BTC traded just below the +1 STD boundary, resting near $108,000. The chart confirms BTC avoided any exaggerated price action despite market shifts. Traders watching the STH cost basis model now use $95K and $117K as short-term structure pivots.
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