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Bitcoin traders predict ‘strong run-up’ as classic chart targets $113K
Bitcoin’s price traded 9.5% above its Jan. 1 open of $87,500, and traders were confident that BTC’s short-term “trend is up” as the price approached a key level of interest. As Cointelegraph reported, Bitcoin’s ability to return to a six-figure price hinges on overcoming the resistance at $98,000 — the short-term holder (STH) cost basis. This is the critical point on traders’ radar and one that has not received a convincing retest recently. “$BTC is approaching a key inflexion point,” said Glassnode analyst Chris Beamish in a Friday post on X, adding: “Reclaiming the STH cost basis would signal ... (full story)
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