Glassnode: Bitcoin Gains Strong Support at $79,000, Tests $83,500 Next

April 11 (Bloomberg) -- Viewing the cost-base distribution, Bitcoin has gained strong support at $79,000, with around 40,000 BTC accumulating at this level, according to Glassnode's analysis in a post on the X platform. At the same time, Bitcoin has also broken above the $82,080 resistance zone (around 51,000 BTC). If this level holds, the next price level to be tested is $83,500, where 48,500 BTC are held. Ether appears to be in a range of $1,548 to $1,599, where 793,900 and 732,400 ETH are held, respectively. support may be forming at $1,461, where 380,000 ETH have accumulated - this could cushion further declines in the short term!