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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.
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