Analyst: Bitcoin Key Support at $81,700, Resistance Near $101,000

BlockBeats News, January 18th, CryptoQuant analyst Darkfost stated, "Bitcoin's next major challenge is to reclaim the cost basis of early long-term holders (held for 6 to 12 months), currently around $101,000. The cost basis of long-term holders for 12 to 18 months is around $81,700, which forms a key support level. If Bitcoin were to fall back to this range, these holders are likely to hold onto their average entry price. Investors who bought near the January 2025 high are still holding their positions."

On the upside, there is resistance around $114,650, corresponding to the cost basis of short-term holders (held for 3-6 months). This group significantly accumulated near the highs, and if the price returns to this range, some investors may choose to sell near the breakeven point."