#Gate广场五月交易分享 Bitcoin short-term holding cost basis considers $92k as the next price target
On-chain data shows that the upward trend in BTC price may not be over yet, but the resistance level at $84,000 could delay its recovery.
Bitcoin (BTC) buyers are regaining activity, pushing the price to a multi-month high of $82,240. On-chain indicators, including the short-term holder (STH) cost basis, suggest that BTC price could rise further, with the next major target at $92,000.
Summary: Bitcoin holders are returning to profitability, increasing the likelihood of the price reaching $92,000.