Bitcoin is currently near key support levels on its blockchain, and a crucial focus for traders is the cost basis of those holding Bitcoin for 3 to 6 months. This group has an average entry point around $98,000, and the market now tests this level after rejecting it last week at $111,000. According to CryptoQuant’s report, these holders remain largely in profit and show no significant stress so far—yet confidence hasn’t broken. 3-6 Month Holders are a key indicator of potential market trends. The range between $98,000-$100,000 stands out as a critical holding zone, with a strong bounce here indicating sustained bullish sentiment, potentially triggering renewed momentum and even new highs. However, failure to hold this area could shift sentiment. If confidence erodes, selling could intensify, leading Bitcoin deeper into correction. Past behavior suggests the mid-term cost basis holds significant influence over market direction. This group’s actions have historically aligned with major market turns, and when they panic, the market often follows suit. The next major move in Bitcoin may hinge on whether $98,000-$100,000 acts as a springboard for further growth or becomes a trapdoor.