According to Foresight News and analysis from glassnode, Bitcoin is currently maintaining above the dense supply range between $93,000 and $110,000. This accumulation area has been steadily developing since December 2024 and could form an effective support level for the price. Glassnode points out that unless there is sustained selling pressure in the market that triggers a capital flight event, this range is likely to continue acting as a bottom support for Bitcoin's price.
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glassnode: $93,000 to $110,000 may continue to serve as support for Bitcoin's price.
According to Foresight News and analysis from glassnode, Bitcoin is currently maintaining above the dense supply range between $93,000 and $110,000. This accumulation area has been steadily developing since December 2024 and could form an effective support level for the price. Glassnode points out that unless there is sustained selling pressure in the market that triggers a capital flight event, this range is likely to continue acting as a bottom support for Bitcoin's price.