Bitcoin Faces Pivotal Level At Short-Term Holder Cost Basis – A Move To $132K?
By: bitcoin ethereum news|2025/05/04 10:00:03
0
Share
Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside. Analysts are increasingly optimistic as selling pressure fades and investor sentiment turns more constructive. However, the broader environment remains uncertain, with rising global tensions and macroeconomic instability still casting a shadow over markets. Despite the risks, on-chain data supports the bullish thesis. According to Glassnode, the Short-Term Holder (STH) Cost Basis currently sits at $93,460, a critical level that may determine Bitcoin’s near-term direction. Holding above this threshold suggests that recent buyers are still in profit, which typically reinforces market confidence and reduces the likelihood of capitulation. If Bitcoin maintains strength above this zone, analysts believe it could open the door to a sustained rally toward all-time highs (ATH) and beyond. On the other hand, a drop below the STH Cost Basis could signal weakening support and a potential retracement toward lower demand areas. As the market enters a decisive phase, all eyes are on the $100K breakout. Bitcoin Builds Momentum As Buyers Guard Key Support Level Bitcoin has surged over 15% in less than three weeks, regaining strength after a prolonged period of volatility and consolidation. The recent move has pushed BTC just below the highly anticipated $100,000 level, with price tapping $97,900 before facing temporary resistance. Market sentiment has shifted decisively in favor of bulls, with many analysts pointing to continued momentum and a potential breakout that could shape the next leg of the bull cycle. Top analyst Ali Martinez shared on-chain insights highlighting the importance of the Short-Term Holder Cost Basis, which currently sits at $93,460. This level represents the average acquisition price of recent market entrants and is seen as a crucial line of defense. As long as Bitcoin holds above this threshold, the structure remains bullish. Martinez suggests that maintaining this support could ignite a rally toward $132,330, following a pattern seen in previous bull markets when short-term holders remained in profit. However, the bullish scenario comes with caution. A drop below the $93,460 level could signal weakening demand, triggering a potential correction toward $72,420 — a move that would test deeper liquidity zones and shake out speculative positions. For now, though, the path of least resistance appears upward. With the broader market heating up and bullish catalysts aligning, Bitcoin’s current structure suggests that the rally may be far from over. BTC Price Analysis: Resistance Below $100K Bitcoin is trading at $95,856 after reaching a local high near $97,900, showing signs of slowing momentum just below the psychological $100K level. As seen on the daily chart, BTC has been in a strong uptrend since mid-April, reclaiming both the 200-day EMA and SMA, which now sit around $86,200 and $90,200, respectively. These moving averages now serve as key dynamic support levels. The chart reveals a clear rejection around the $100K resistance zone, which aligns with historical supply pressure from previous highs. Despite that, the price remains in a healthy consolidation just below resistance, signaling that bulls are not yet ready to give up control. Volume has slightly decreased, suggesting a pause or potential pullback, but the lack of heavy selling is a sign of strength. If bulls manage to reclaim $97,900 and flip $100K into support, the next target is around $103,600. However, failure to break this level could trigger a short-term retracement toward the $93,000–$90,000 region. Holding above $93,460, which aligns with the short-term holder cost basis, remains critical to avoid further downside. Featured image from Dall-E, chart from TradingView Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. Source: https://bitcoinist.com/bitcoin-faces-pivotal-level-at-short-term-holder-cost-basis-a-move-to-132k/
You may also like
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026
TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet
Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...
A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?
Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.
340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by
As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.
Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat
Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.
When American giants collectively "defect" from Chinese AI models
Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026
TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

