Bitcoin gained the 0.85 cost band, increasing the likelihood of a rise.

Recently, the price movements of Bitcoin (Bitcoin) have attracted significant interest from investors. The recovery of the 0.85 cost band has created a positive atmosphere in the markets. On-chain analysis platform Glassnode reports that maintaining this critical level could generate new upward momentum for the market.

According to the Supply Quantiles Cost Basis Model data provided by Glassnode, Bitcoin has regained the 0.85 cost band that it had lost for some time. This level has previously served as an important support point determining the direction of the price. Expert analysts indicate that staying above this band could create new buying opportunities for Bitcoin. Analysts state, "If buyers can maintain this level, the market may regain momentum. However, if this level is lost, it is likely that the price will pull back to lower regions."

As for what the 0.85 cost band means, according to Glassnode’s model, this level represents the average cost base of long-term investors. Staying above this band indicates that there is a tendency to accumulate in the market, while falling below it signals that selling pressure may strengthen again. Currently, the Bitcoin price is hovering around 100 thousand dollars. If the price can maintain this support area, it is suggested that the market could regain bullish momentum.

However, losing the 0.85 cost band could create a risky situation for investors. In this case, there is a risk that the price might test the lower support levels around 90 thousand dollars, which investors need to monitor closely. Therefore, it is emphasized that Bitcoin investors should carefully track these critical levels.