Recent analysis highlights the base cost of acquiring coins with less than 155 days of activity as a critical medium-term indicator for Bitcoin prices, which has served as resistance for the past three months.

The recent short-term upward momentum, driven by an interest rate cut in the US and a shift away from recession fears, has led to a breakout. However, this breakout requires consolidation to confirm a trend reversal.

For sustained bullish sentiment, it is essential to see this indicator act as price support, preventing future corrections and maintaining the US$ 62,000 level. Additionally, confirming an ascending top will be crucial to bolster market sentiment and stimulate buying demand.