Accumulation of bitcoins can create strong resistance levels
According to BlockBeats, on February 28, Glassnode shared on social media information about significant accumulation of bitcoins that occurred from December 2024 to February 2025 in the price range of $96,000 to $98,000. While some addresses in this range are redistributing their BTC, the supply cluster remains tight. This could potentially form a strong resistance level if prices return to this range.
