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Bitcoin's rally stalled, falling back below $84,000, with the 2025 buyer cost basis of $88,000 becoming key resistance.
Bitcoin has fallen back below $84,000 after touching a September monthly high of $87,500, according to CoinDesk analysis. Data shows that investors who bought in 2025 have an average cost basis of approximately $88,000, meaning these buyers are currently at a loss. Their cost basis could form a key resistance level due to recent selling pressure from other buyers. Additionally, the average cost basis for U.S. spot Bitcoin ETF investors is around $82,300, a level that could provide support if Bitcoin experiences further declines.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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