Data: Bitcoin's key support level is between $84,000 and $85,600, where buying volume reached 976,000 BTC

TechFlow, Dec 22 — As Bitcoin's price surpassed $90,000, discussions around the "Santa rally" have resurfaced, according to Cointelegraph. Analysts noted that since November 22, Bitcoin has been consolidating within a broad range of $82,000 to $95,000, and the longer this consolidation lasts, the stronger and more intense the subsequent rebound could be. The Glassnode Cost Basis Distribution heatmap shows a key support zone currently between $84,000 and $85,600, where investors accumulated approximately 976,000 BTC. Holding above the $84,000 level may halt further downside.