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The Upward Momentum of Bitcoin Continues: What Could Be the Next Target? Expert Comments
The leading cryptocurrency, Bitcoin ($BTC), started the new week strongly and continues this trend. Today, $BTC rose above $82,000 following news about the possible end of the conflict between the United States and Iran.
This situation led to discussions of even higher targets for $BTC, with Glassnode pointing to the $92,000 level. Bitcoin may aim for the $92,000 mark as a key on-chain indicator is giving a bullish signal.
According to the latest analysis from Glassnode, the recent price surge pushed $BTC above its short-term holder cost basis, which currently stands at $79,000.
According to analysts, this STH cost basis metric is very important for $BTC because historically, a breakout above this level has initiated an extended recovery phase.
A breakout above the STH cost basis could attract new buyers, encourage existing investors to make additional purchases, serve as a catalyst for a macroeconomic uptrend, and force short investors to close their positions. All of these factors would trigger upward movement.
Finally, analysts noted that similar trends had been observed before, mentioning January 2023, October 2023, October 2024, and April 2025. According to the data, analysts stated that $BTC increased by 30% within four weeks after breaking above the STH base price.
In addition to Glassnode, analyst Mitchell Askew also stated: “$BTC has broken the monitored STH breakout level. This usually signals the end of a bear market or consolidation period.”
MN Capital founder Michaël van de Poppe also identified the $84,000–$86,000 range as the next resistance zone for Bitcoin. A breakout above this level could push $BTC toward the 50-week moving average near $90,000.
See also: "Ripple CEO Brad Garlinghouse Made Exclusive Statements About XRP and Bitcoin (BTC)!"
