Key Takeaways
- Bitcoin is presently retesting the crucial $109,000 cost-basis band, a historic turning level for the asset’s worth.
- This retest is going on amid mid-cycle consolidation, supported by sturdy macro liquidity and demand from ETFs.
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Bitcoin is retesting a crucial 0.85 cost-basis band round $109,000 that has traditionally served as a key turning level for the digital asset’s worth actions, based on on-chain analytics from Glassnode.
Traditionally, holding above this stage has triggered main rallies, whereas dropping under it usually results in a decline towards the 0.75 band, close to $98,000.
The retest comes as Bitcoin navigates a mid-cycle consolidation section supported by macro liquidity tailwinds and ETF-driven demand. Current analyses spotlight Bitcoin’s formation of parabolic curve patterns, which sign potential for prolonged upward traits if key assist ranges maintain.
