Bitcoin is approaching the cost price range of the two types of investors, which may affect the current upward momentum

Odaily Planet Daily News Darkfost posted on the

Darkfost pointed out that the cost price is the average position cost of the group and is not a natural support or resistance level; as the price approaches this range, relevant investor behavior may change, and this area can be regarded as a potential risk area. The investor group that has held for 6 to 12 months has suffered losses for nearly a year as a whole. Some investors may have bought at the market high; some may have sold after recovering their capital, and others may have continued to buy to reduce the cost of holding positions.