Glassnode: $97,000 level may be a key resistance for BTC

TechFlow, April 23 — Glassnode posted that the $97,000 level could be a key resistance for BTC, potentially hindering its breakout toward $100,000.

On-chain cost basis distribution data shows high concentration of approximately 392,000 bitcoins within this price range. As a result, some investors may opt to sell at breakeven levels here, forming a significant resistance zone.