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.
You may also like
US September preliminary 5-10 year inflation expectations at 3.9%, higher than expected
Solana rises 16 places in global asset rankings, with a market cap approaching $130 billions
Data: Solana CME futures open interest rises to $1.87 billion, up 25.5% in three days
Bank of Montreal: U.S. stock markets tend to rise after Federal Reserve rate cuts
Trending news
MoreCrypto prices
More
