BTC at the crossroads: Support at $93,000 is being noted.

Ali believes that this level serves as the main turning point for the short term trajectory of the asset: "Holding above this level could drive an increase to $132,330, but if it loses this level, it could lead to a correction towards $72,420." What is the STH cost base? The short term holding cost basis is the average purchase price of BTC held by investors for less than 155 days. This is a common on-chain metric that reflects short-term market sentiment and acts as a dynamic support/resistance line. Cost basis STH: $93,460 Target increase: $132.330 ( if support is maintained ) Downside risk: $72.420 ( if support is broken ) What does the chart tell us? Glassnode's chart shows that the price of Bitcoin is moving between the euphoria zone and the important capitulation zone.

As of May 2, 2025, BTC is trading just below this important level (~90.951 dollars), fluctuating near a decisive point that could indicate whether we are entering a new bullish phase or facing a significant pullback. Why is this important now? The behavior limiting the current scope of Bitcoin is deceptive — beneath the surface, metrics like STH Cost Basis are hinting at potential widespread changes in the market structure. If the buyers try to reclaim and hold $93,460, it could trigger new momentum and push the price above $130,000. On the contrary, the incident could awaken underlying downward price pressure, aiming for a strong adjustment within the range of 70,000 dollars.