The distribution of Bitcoin's holding costs significantly impacts its price support and resistance levels. Holding cost, or the price at which investors acquire Bitcoin, reflects market sentiment and accumulation patterns. When a large number of holders have a similar cost basis, it creates clusters that act as support zones during price dips, as investors are less likely to sell below their entry price. Conversely, these clusters can form resistance when prices rise, as holders may sell to realize profits near their cost basis. On-chain data, like the UTXO Realized Price Distribution, reveals these levels, showing where Bitcoin changed hands historically. For instance, heavy accumulation at $30,000 could solidify it as strong support, while dense selling at $60,000 might cap upward moves. Thus, understanding holding cost distribution aids in predicting price behavior.