# These are two most important Bitcoin levels right now

[Source video](https://www.youtube.com/watch?v=HjGDFTIrmnw)

## Bitcoin’s breakeven levels and breakout conditions

**Speaker 1:** [00:00](https://www.youtube.com/watch?v=HjGDFTIrmnw&t=0s) These are the two most important levels for Bitcoin right now, and almost nobody is talking about them. This orange line is the average price paid by everyone who bought Bitcoin 6 to 12 months ago. This blue line is the same thing for buyers from 1 to 2 years ago. In other words, it is their breakeven price.

And look what happens every single time Bitcoin gets there. January, price hits the orange line and gets rejected, down more than a third. May, it hits the blue line, rejected again, down about a quarter. Why? Because people who've been underwater for months sell as soon as they get back to breakeven. And this month, the one- to two-year holders started selling into the rally again.

So right now, Bitcoin is stuck under its top buyers. But here's the bullish part. If Bitcoin breaks above 87.7 thousand and then 99.5 thousand, those sellers are gone. That supply gets absorbed, the selling pressure disappears, years, and that is when we can expect the bull run to really take off. Until then, these two levels are the ceiling. Watch them.

![Bitcoin chart showing a white price line, orange and blue lines labelled 87.7K and 99.5K, and a green shaded band at 00:50.](figures/frame_0050000.png)