Bitcoin Support Near $81,700, Resistance at $101,000 and $114,650

Bitcoin faces a key challenge at $101,000, the average cost basis for long-term holders who have held for 6"12 months, CryptoQuant analyst Darkfost said on Jan. 18. The $81,700 level, representing the average purchase price for the 12"18 month cohort, serves as important support where these holders are likely to defend their positions if the market pulls back. Resistance sits around $114,650, the cost basis for short-term holders with 3"6 months of holding time, where some investors who bought near recent highs may sell around breakeven, Darkfost said.