Bitcoin remained stable throughout the weekend, struggling to maintain its position at $95,000 amid declining trading volumes and a general lack of interest in altcoins. Today, Sherpa focused on the previously forgotten BERA Coin. Meanwhile, CryptoQuant analyst Darkfost highlighted the importance of Bitcoin investors’ cost base.
Significance of Bitcoin and Key Price Levels
Investors’ cost bases are crucial for price movements, as factors such as wallet profitability and medium to long-term expectations test these bases, leading to significant fluctuations. For investors who have held Bitcoin for 6 to 12 months, their cost base is approximately $101,000. Both on-chain and technical analysis indicates that this level is a key resistance point, according to many analysts.
Darkfost elaborates on critical levels to watch in the medium term. The next major challenge for Bitcoin is to reclaim the cost base of the cohort holding for 6 to 12 months, currently around $101,000.
The cost base for the cohort holding for 12 to 18 months is around $81,700, serving as a significant support zone. If Bitcoin returns to this region, these investors are likely to defend their average entry prices. Notably, this group’s cost base has increased the most in recent months, indicating their continued commitment to maintaining their positions, possibly purchased near the peak in January 2025.
On the upside, we find a resistance level around $114,650, corresponding to the cost base of the shortest-term holders (3 to 6 months). This group accumulated near the peak, and returning to this price region might prompt some to exit at their breakeven point. Observing investor behavior in these key price zones is particularly important.
BERA Coin Insights
Michael Poppe shared a Bitcoin chart, suggesting that the journey to six-figure levels is about to commence. According to the analyst, if the $94,000 level, which has turned from resistance to support, can be maintained, a strong movement is expected in the coming weeks.
BERA Coin’s price has doubled in just a few days, and Sherpa speculates it could triple. By 2026, some altcoins have shown positive divergence, which likely brings them to the forefront in the year’s remaining bullish moves.
“This is just a small example of many different altcoins; they can rise several times over from here. When the time is right, you will see that there are still good opportunities for the right altcoins.”