Bitcoin: Short-Term Holder Cost Basis at $68.5k

Bitcoin native short-term holder cost basis sits at $68.5k, a critical demarcation line between bull and bear market phases according to on-chain metrics tracked over the past year.

BTC price action now tests key levels with the 4h chart showing a bullish trend structure supported by EMA50 at $64253.17 and EMA200 at $63973.65. Momentum indicators reveal RSI(14) at 85.45 in overbought territory alongside a MACD(12,26) golden cross at 869.16, while price probes upper Bollinger Band resistance near $67535.66.

With price testing upper Bollinger resistance at $67535.66 while RSI flashes overbought at 85.45, a healthy retracement to the 50-EMA support at $64253.17 seems probable before further continuation in this BTC price prediction environment. Traders monitoring Bitcoin short-term holder cost basis bull bear market indicator history and Bitcoin native STH realized price on-chain metrics note the confluence as price holds above the $68.5k threshold.