glassnode: The $98,000 level is becoming a key pivot area for Bitcoin’s next move
Glassnode posted on X platform that a large amount of Bitcoin changed hands between $9,400 and $101,000 in the past 45 days, forming a dense supply cluster near $9,800. Typically, the longer the price consolidates in or above this range, the stronger the area becomes, serving as support during corrections and resistane during rebounds. In summary, the $98,000 level is becoming a key pivot area for Bitcoin's next move.
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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