Bitcoin

BlackRock

Resistance

<p><strong>Key Insights:</strong></p>
<ul>
 <li>Bitcoin reclaims short-term holder cost basis at $114K, signaling possible recovery and market stability.</li>
 <li>On-chain data reveals growing whale activity, supporting the bullish trend and higher price targets.</li>
 <li>BlackRock and Ark Invest purchase $141.6M in Bitcoin, showing rising institutional interest in the asset.</li>
</ul>
<figure class="wp-block-image aligncenter size-full"><img src="https://coincu.com/wp-content/uploads/2025/10/Frame-3-14.jpg" alt="">
 <figcaption><em>Bitcoin Eyes $190K Target after Breaking Key Long-Term Resistance</em>
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<p><a href="https://coincu.com/analysis/bitcoin-megaphone-pattern-aiming-for-130k/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) has broken above a key resistance level that held for years. Analysts say this could mark the beginning of a new phase of price discovery. The move is also supported by robust investor activity and growing institutional interest.</p>
<h2 class="wp-block-heading" id="key-resistance-becomes-new-support">Key Resistance Becomes New Support</h2>
<p>Bitcoin has now turned its long-term resistance level into a support level. Market watchers are closely tracking this shift. In previous market cycles, each breakout from this level led to a new all-time high.</p>
<p>According to <a href="https://x.com/CryptooELITES/status/1982886264509460513" rel="noopener noreferrer nofollow">CryptoELlTES</a>, a breakout from this structure in previous cycles marked a new price discovery phase. Analysts suggest that if current momentum holds, Bitcoin could move toward the $190,000 level. Price action and volume are both showing strength near current levels.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-530-1024x760.png" alt="">
 <figcaption><em>Potential Breakout | Source: X</em>
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<p>This change in structure has occurred before, and such events have historically led to significant price rallies. Some traders now see this as the beginning of a new bullish trend. This has also attracted attention from major firms and individual investors.</p>
<h2 class="wp-block-heading" id="bitcoin-trades-above-114-000">Bitcoin Trades Above $114,000</h2>
<p>As of now, Bitcoin is trading at $114,296. The cryptocurrency is down 1.22% in the last 24 hours, with a 24-hour trading volume of over $53.6 billion. Despite the slight drop, the overall trend remains positive.</p>
<p>However, Bitcoin reclaims <a href="https://x.com/BTC_Archive/status/1982817414975725952" rel="noopener noreferrer nofollow">Short-Term Holder Cost Basis</a> at $114,000. This level had not been reached since recent events involving U.S. trade policy and a sharp decline in the crypto market. This reclaim may bring more stability to the market.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-531-1024x520.png" alt="">
 <figcaption><em>Short-Term Holder | Source: X</em>
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<p>The Short-Term Holder Market Value to Realized Value (STH-MVRV) ratio is now above 1. This usually signals recovery phases in past cycles. Investors are watching to see if the trend continues in the coming weeks.</p>
<h2 class="wp-block-heading" id="institutional-investors-increase-exposure">Institutional Investors Increase Exposure</h2>
<p>Meanwhile, BlackRock and Ark Invest have made new Bitcoin purchases totaling $141.6 million. These firms are among the largest institutional investors in the crypto space. This has raised interest in institutional buying patterns.&nbsp;</p>
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  https://twitter.com/Ashcryptoreal/status/1983035171227218188
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<p>More large purchases may follow if the uptrend continues. Such buying often leads to confidence among retail investors. This also adds liquidity and reduces the risk of large price swings.&nbsp;</p>
<p>Whales are reportedly adding to their holdings every day. On-chain data shows a steady increase in significant wallet activity. This suggests whales are buying more Bitcoin.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=371983" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Bitcoin Eyes $190K Target after Breaking Key Long-Term Resistance

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