Bitcoin's cost basis sits at $98,000, but the real test ahead lies at the 200-day moving average—currently around $105,900. This level matters because it's a critical resistance zone in the broader cycle. Looking at the Mayer Multiple Z-Score data from the recent low, we're seeing something that hasn't happened since 2022. The market has essentially reset itself. Whether Bitcoin can break above this moving average will be crucial. If it does, we could be looking at a significant shift in market dynamics.

BTC-0.1%
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DataPickledFishvip
· 3h ago
The 105900 level is really stuck. If I can't break through it, I have to adjust again. Only after breaking through will there be hope.
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SchroedingersFrontrunvip
· 3h ago
Is it really possible to break through this destructive level at 105900 again...
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TommyTeacher1vip
· 3h ago
Is the 105900 level really that sacred? It seems like every time, this resistance is called "key."
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GasFeeCrybabyvip
· 3h ago
105900 is stuck so tightly, breaking through it really isn't worth it.
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Deconstructionistvip
· 3h ago
The position at 105900 is really stuck; without breaking through, it's just empty talk.
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ApeWithNoChainvip
· 3h ago
Breaking through the 105900 barrier is really the only way to count as a true breakthrough; otherwise, it's just another fake breakout.
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