Cryptocurrency traders are closely watching Bitcoin (BTC) as it navigates a volatile market. Analyst Ali Martinez points to significant resistance around the $117,000 mark. More concerning, however, is the apparent weakness of support levels in the $108,000 to $113,000 range. Martinez highlights a potential "air gap" in this zone, suggesting a faster price drop if Bitcoin breaks below current levels. This analysis is supported by Glassnode's UTXO Realized Price Distribution data, which indicates a higher volume of BTC transactions occurring at $117,000 compared to the $108,000-$113,000 band. This implies that a larger number of investors bought BTC around $117,000, creating stronger resistance at that price point. Conversely, fewer transactions within the $108,000-$113,000 range suggest less robust support. Traders should be aware of these key levels as Bitcoin continues to fluctuate. Monitoring order book depth and whale activity near these price points will be crucial for understanding potential future price movements. ```

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