Bitcoin’s Path to Recover $98,000: Key Levels and Insights
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has been under significant short-term bearish pressure. For investors and traders alike, understanding the key levels and market conditions is vital as BTC fights to reclaim its momentum.
Current Short-Term Market Trends
In recent weeks, Bitcoin has struggled to maintain a stable upward trajectory. On-chain data highlights that most newer Bitcoin holders are in unrealized losses, as shown by the Short-Term Holder Net Unrealized Profit/Loss (STH-NUPL) metric. This scenario has persisted since November 2025, amplifying stress and reducing bullish sentiment among these investors.
To fully recover, Bitcoin needs to break through a critical level: the short-term holder cost basis, currently near $98,000. Until this milestone is achieved, market participants may exercise caution, limiting aggressive buying and upward momentum.
Long-Term Holders Provide Stability
Despite the bearish signs, Bitcoin’s positive foundation lies with its long-term holders. These experienced investors continue to accumulate BTC, significantly stabilizing the market and mitigating major downside risks. Their ongoing activity forms a crucial support base, historically limiting drastic corrections during bearish cycles.
Importantly, Bitcoin remains above the 38.2% Fibonacci retracement level at $90,914, which may serve as a key support point. A strong defense of this zone can potentially stabilize the current price and allow BTC to make another attempt toward breaking psychological and technical levels of resistance.
Challenges for Short-Term Recovery
However, short-term recovery is not guaranteed. Bitcoin recently formed a slanted double-top pattern, a signal often linked to bearish continuation. A decisive break below $90,000 could trigger a sharper selloff, targeting levels like $86,558 based on the 23.6% Fibonacci retracement.
Geopolitical uncertainties, such as ongoing uncertainty around Greenland and market-related concerns in the US, could further complicate Bitcoin’s price trajectory. Analysts like Nic Puckrin, co-founder of Coin Bureau, warn that a failure to defend $90,000 may lead to increased ETF outflows, further pressuring price trends.
How to Navigate the Crypto Market
For those looking to remain proactive in the market, subscribing to insightful newsletters like BeInCrypto Daily Insights ensures that you stay informed about real-time trends and key market events. Whether you’re new to Bitcoin or a seasoned investor, understanding these levels can help you make better decisions.
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Disclaimer: The information in this article is based on the latest available data and should not be considered financial or investment advice. Always do your research and consult financial professionals before acting on market trends.
