Glassnode: Bitcoin has strong support in the $110,000–$114,000 range, with the next resistance at $117,000.
According to ChainCatcher, citing Glassnode data, the cost basis distribution of bitcoin shows dense support in the $110,000 to $114,000 range, where a large amount of supply has been acquired. The next major supply area is near $117,000, which may provide resistance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South African fast food chain WIMPY now supports Bitcoin payments at 450 locations
Before the exchange's listing, Winklevoss Capital transferred 350 BTC from the exchange's Custody address.
Bitcoin Core releases v30.0rc1 version, now open for testing
MoonPay launches MoonTags feature, allowing users to send and receive cryptocurrencies via personalized identifiers.
