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TechFlow, Sept. 4 — According to Glassnode analysis, Bitcoin is currently consolidating within the range of $104,000–$116,000, with investors showing clear accumulation behavior. Data on futures market and ETF fund flows indicate a cooling in demand. The analysis suggests that if price breaks above the $116,000 resistance level, the upward trend could resume; however, if it drops below $116,000, there is a risk of a pullback to the $93,000–$95,000 range.
According to Glassnode analysis, Bitcoin is currently consolidating within the range of $104,000 to $116,000, with investors showing clear accumulation behavior. Data on futures market and ETF fund flows indicate that demand has cooled somewhat. The analysis suggests that if the price can break above the $116,000 resistance level, it may restart an upward trend; however, if it falls below $116,000, there is a risk of a pullback to the $93,000–$95,000 range.
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