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Glassnode: $96,000 to $98,000 may be the strong resistance level for Bitcoin at this stage

Glassnode: $96,000 to $98,000 may be the strong resistance level for Bitcoin at this stage

Bitget2025/02/27 17:50

Glassnode posted on the X platform stating that between the end of December 2024 and February 2025, there was a strong accumulation in the $96,000 to $98,000 range. Although some addresses within these price ranges are reallocating their BTC, this supply cluster remains very dense and could become a strong resistance level if it returns to this level again.

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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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