Bitcoin faces firm resistance near short-term holders’ cost basis

Bitcoin faces firm resistance in the $67,000-$72,000 range, where the realized price of short-term holders with one- to six-month holding periods sits, analyst ShayanMarkets said based on on-chain data. Looking at the "Realized Price UTXO Age Bands" chart, this market structure becomes clear, ShayanMarkets said. With Bitcoin currently trading around $65,000, both the one- to three-month and three- to six-month holder cohorts are sitting on unrealized losses. As BTC approaches their average cost basis, those holders may sell part of their holdings to cut positions.