glassnode: The $98,000 level is the key point for BTC's subsequent trend
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Odaily reported that according to on platform X, a large amount of Bitcoin has changed hands in the range of $94,000 to $101,000 over the past 45 days, forming a dense supply cluster around $98,000. Typically, the longer the price consolidates in or above this range, the stronger the support in this area, whether acting as support during price corrections or resistance during price rebounds. In summary, the $98,000 level is becoming a key pivot area for Bitcoin's next move.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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