Bitcoin cost bases point to resistance at $88,000 and support near $82,300
Summary
Checkonchain data shows 2025 bitcoin buyers are the only yearly cohort currently underwater, with an average cost basis near $88,000 that could act as resistance as investors seek to break even. Bitcoin recently traded below $84,000 after reaching a September high of $87,500. Historical cohort cost bases have served as support or resistance: the 2024 cohort’s roughly $82,100 level initially capped a rally, while the 2023 cohort’s $65,000 level has often supported prices. Buyers from 2026 have an average basis near $73,500 and are mostly in profit. U.S. spot bitcoin ETF investors have an average cost basis near $82,300 and recently returned to profit, potentially making that level support if prices fall.
