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Glassnode Says Bitcoin Nears A Cycle-tested Ceiling With Minimal Selling Pressure

Covered by 1 source · 1 article

TL;DR: Bitcoin is currently consolidating below the $83,000 to $86,000 resistance band where long-term holder cost basis, liquidation levels and ETF break-even prices converge. Roughly 1.07 million BTC was acquired inside that ceiling zone,…

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Glassnode Says Bitcoin Nears A Cycle-tested Ceiling With Minimal Selling Pressure
Crypto Economy 1h ago

Glassnode Says Bitcoin Nears A Cycle-tested Ceiling With Minimal Selling Pressure

TL;DR: Bitcoin is currently consolidating below the $83,000 to $86,000 resistance band where long-term holder cost basis, liquidation levels and ETF break-even prices converge. Roughly 1.07 million BTC was acquired inside that ceiling zone,…

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