Foresight News reports that, according to glassnode analysis, Bitcoin is currently holding above a dense supply zone between $93,000 and $110,000. This accumulation area has been steadily developing since December 2024 and may form an effective support level for prices. Glassnode points out that unless the market experiences sustained selling pressure leading to a capital flight event, this range is likely to continue serving as a bottom support for Bitcoin prices.
Glassnode: $93,000 to $110,000 may continue to serve as bottom support for Bitcoin prices
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