Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Sui (SUI) are demonstrating notable technical strength by holding firmly above their respective support trendlines. This pattern suggests active buyer participation and underlying market confidence, reducing the immediate risk of a major price breakdown. Analysts observe that BTC is consolidating above its diagonal trendline, while ETH, SOL, and SUI are defending their own key support zones, indicating a potential setup for bullish continuation rather than a bearish collapse.
Adding a quantitative perspective, CryptoQuant analyst Darkforth has identified critical price levels for Bitcoin. The $81,700 mark is highlighted as a major support level, representing the average cost basis for investors holding BTC for 12-18 months. This group is seen as likely to hold rather than sell if the price retests this area. On the upside, $101,000 is pinpointed as a significant resistance level, corresponding to the average cost for the 6-12 month holder cohort. Breaking above this level is considered Bitcoin's next major test. A further resistance zone exists at $114,650, the average cost for short-term (3-6 month) investors who bought near the January 2025 peak.
Together, these technical and on-chain analyses paint a picture of a resilient market. The ability of major cryptocurrencies to hold support through recent volatility, coupled with clearly defined investor cost bases for Bitcoin, provides a framework for cautious optimism among traders.
