BTC rebound faces a key resistance, $100000 becomes the breakout point

According to the latest market analysis, the current Bitcoin price is at $91.91K. Although the selling pressure from short-term holders has been temporarily contained, truly alleviating market pressure requires breaking through the psychological barrier of $100,000.

Short-term Holder Dilemma

The average cost basis of short-term holders (holding less than 155 days) has now become a key reference point. When BTC price falls below this cost basis, these investors are in a loss, which directly limits their willingness to realize profits. On the technical side, the sustained below-zero simple moving average (SMA) exposes the market’s lack of clear demand confirmation.

$100000 's Psychological Game

$100,000 is not only a technical resistance level but also a critical point for short-term holders to return to their cost basis. Once the price breaks through this level, these investors will regain profit potential, and the subsequent selling pressure will create new price resistance. This is a key node that market participants must face.

Where Are the Bullish Signals?

What are the true confirmation signals of a market reversal? Only when the closing price breaks through and stabilizes above the short-term holders’ average cost basis can it be said that the bulls have truly gained the upper hand. Until then, rebounds should be approached with caution.