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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.
Glassnode stated that the $97,000 level could be a key resistance area for BTC, potentially hindering its breakthrough toward $100,000. Cost basis distribution data shows a high concentration of approximately 392,000 bitcoins within this price range. As a result, some investors may choose to sell at break-even levels around this price, forming a significant resistance zone.
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