2026-01-17 16:30:09

Watching a critical BTC price level: $98.3k.

This marks the Short-Term Holder cost basis—basically the average entry point where recent buyers got in. It's more than just a number; it's a psychological and technical inflection point.

If BTC holds above $98.3k:
• New buying pressure has effectively absorbed the overhead resistance
• Recent market entrants remain underwater-free, staying profitable
• Overall market sentiment tends to strengthen

If BTC drops below $98.3k:
• Sell-side pressure kicks in hard
• Recent buyers face losses, which typically triggers more selling
• The momentum shifts toward distribution

This level matters because it represents where the newest wave of capital entered. Breaking it confirms fresh demand, failing at it suggests profit-taking might take the wheel.

BTC0,68%

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OnChain_Detective

· 59m ago

ngl the $98.3k level is giving major red flags rn... let me pull the data on recent wallet clustering around this zone. pattern analysis suggests we're looking at classic accumulation trap setup here

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gas_fee_therapist

· 1h ago

98.3k Whether it breaks or not really depends on whether this wave of new retail investors are mentally tough... Once it breaks below, it's a chain reaction.

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DAOdreamer

· 1h ago

98.3k is really a critical level; whether it breaks or not depends on the psychological defense line of the new retail investors. To put it simply, it's about who concedes first.

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VitalikFanboy42

· 1h ago

98.3k is crucial; if it can't break through, we'll have to watch the selling pressure.

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