Analyst: Bitcoin trapped in $71,300 to $79,800 cost basis range

CryptoQuant analyst Darkfost reported on September 17 that Bitcoin is currently trading within a cost basis range between $71,300, representing the active supply cost basis and a key support level, and $79,800, which acts as a resistance level for invested capital. The analyst noted that Bitcoin has faced repeated rejection at the $79,800 mark as investors exit positions near breakeven. Drawing comparisons to the end of the 2023 bear market, the report suggests that the market may see further reactions as Bitcoin consolidates within this range.