Bitcoin is trading above a key on-chain cost basis at $48,300, a level analysts are monitoring as a potential long-term accumulation zone, according to data shared by crypto analyst Ali Martinez. The metric, known as the Investor Price, represents the average acquisition cost of all economically active Bitcoin and has historically provided support during major market corrections. At the same time, crypto trader Kaz identifies a bullish short-term structure with targets near $66,000, though he expects a larger pullback toward the low $50,000s on a higher time frame after the initial rally.
Bitcoin Investor Price at $48,300 Serves as Historical Support Level
Bitcoin's Investor Price currently stands at $48,300, according to data shared by crypto analyst Ali Martinez. The metric represents the average acquisition cost of all economically active Bitcoin, excluding coins believed to be permanently lost. Many analysts view it as a more accurate estimate of the market's true cost basis than traditional realized price models.
Historically, Bitcoin has repeatedly found support near this level during major market corrections. The chart highlights several instances where BTC briefly dipped toward the Investor Price before resuming its broader uptrend. With Bitcoin trading above the metric, the $48,300 level could serve as an important long-term accumulation zone if the market experiences additional volatility. A sustained move below it could indicate weakening market structure and shifting investor sentiment.
Trader Kaz Identifies $66,000 Target Before Expected Reversal
Bitcoin's short-term structure remains bullish after price bounced near $61,600, according to crypto trader Kaz. The chart shows BTC holding a low-risk long area around $61,641, with the first target near $64,200. If momentum continues, the next resistance sits near $66,279, followed by the quarterly open around $68,216.
Kaz expects Bitcoin to move higher first, then form a lower high and reverse toward the low $50,000s on a higher time frame. He pointed to the June 17 FOMC meeting as a possible catalyst for a rally before a sell-off. The bullish setup remains valid while BTC holds above the current support zone. A drop below $59,128 would weaken the structure.
FAQ
What is Bitcoin's Investor Price and why does it matter?
Bitcoin's Investor Price is an on-chain metric that represents the average acquisition cost of all economically active Bitcoin, excluding coins believed to be permanently lost. Currently standing at $48,300 according to analyst Ali Martinez, this metric is viewed by many analysts as a more accurate estimate of the market's true cost basis than traditional realized price models. Historically, Bitcoin has repeatedly found support near this level during major market corrections, making it a key reference point for long-term accumulation zones.
What are the short-term price targets for Bitcoin according to trader Kaz?
Crypto trader Kaz identifies a bullish short-term structure with Bitcoin holding support around $61,641. The first target sits near $64,200, followed by resistance at $66,279 and the quarterly open around $68,216. Kaz expects Bitcoin to move higher first before forming a lower high and reversing toward the low $50,000s on a higher time frame. He noted the June 17 FOMC meeting as a possible catalyst for a rally before a sell-off. The bullish setup remains valid while BTC holds above the current support zone, with invalidation below $59,128.
