Analyst: Bitcoin Faces $67,000 and $72,000 Cost Line Resistance, Potential Selling Pressure

BlockBeats News, August 9th, CryptoQuant analyst ShayanMarkets stated that Bitcoin has realized price UTXO distribution, with investors holding for 1 to 3 months and 3 to 6 months having an average cost of around $67,000 and $72,000 respectively. Both costs are currently higher than Bitcoin's spot price of around $65,000, indicating that these two categories of holders are overall at an unrealized loss.

Among them, the 67,000 USD cost line of holders for 1 to 3 months is closer to the current price. If Bitcoin continues its rebound, holders who were previously at a loss may reduce their positions when the price returns to the cost vicinity, creating resistance at that level. The 72,000 USD cost line of holders for 3 to 6 months represents a higher-tier resistance.

If Bitcoin can reclaim these two realized prices, it means that the market is absorbing potential selling pressure from recent buyers and will strengthen the judgment of a market recovery. Prior to this, Bitcoin still faces significant resistance to the upside.