Key Takeaways
- Bitcoin is currently retesting the critical $109,000 cost-basis band, a historical turning point for the asset’s price.
- This retest is happening amid mid-cycle consolidation, supported by strong macro liquidity and demand from ETFs.
Bitcoin is retesting a critical 0.85 cost-basis band around $109,000 that has historically served as a key turning point for the digital asset’s price movements, according to on-chain analytics from Glassnode.
Historically, holding above this level has triggered major rallies, while dropping below it often leads to a decline toward the 0.75 band, near $98,000.
The retest comes as Bitcoin navigates a mid-cycle consolidation phase supported by macro liquidity tailwinds and ETF-driven demand. Recent analyses highlight Bitcoin’s formation of parabolic curve patterns, which signal potential for extended upward trends if key support levels hold.
Source: https://cryptobriefing.com/bitcoin-retests-109k-cost-basis-band-historical-turning-point/
