Narrative
Bitcoin Eyes Key Cost-Basis Levels as Price Targets
Bitcoin traders are monitoring on-chain holder cost-basis levels as critical support and resistance points, with $80,000 and $92,000 emerging as key price targets.
1 article · first seen 6/1/2026 · last update 5/4/2026
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- Cointelegraph5/4/2026, 8:38:43 PMBitcoin short-term cost basis approaches profitability, but $80K must flip to support first
Bitcoin is trading above $80,000, with on-chain data showing short-term holder cost basis approaching profitability. Analysts note that a sustained move through this cost basis level is required to confirm a renewed bull trend. The article frames current market sentiment as euphoric but flags $80K as a key technical and on-chain threshold to hold as support.