Bitcoin is currently testing resistance near its 200-week movingBitcoin / US DollarCOINBASE:BTCUSDVili_Wealth_PlanBitcoin is currently testing resistance near its 200-week moving average. Bitcoin is testing a long-term technical support level, the 200-week moving average, which is around $62,000. This level is typically considered a key support during bear markets, so whether it holds is a key short-term focus. If the 200-week moving average is breached, the $50,000 to $54,000 range could become the next major battleground. Whales' costs are concentrated between $50,000 and $54,000. Breaking down the support range by wallet size, on-chain data provides a clearer picture: Whales holding 10,000 to 100,000 BTC have an average cost of approximately $54,300. Addresses holding more than 100,000 BTC have an average cost slightly below $49,000. Retail investors holding less than 1 BTC have an average cost below $48,000. This data suggests that the cost basis for large holders is primarily concentrated between $50,000 and $54,300. If these funds choose to buy near the cost zone, the market may find new support in that area.