Glassnode: BTC Price Faces Key Support at $95,000–$97,000
Foresight News reports that data analytics platform Glassnode has updated its Bitcoin Supply Cluster Heatmap (CBD Heatmap), showing that the first dense supply cluster is located in the $95,500–$97,000 range, slightly below the short-term holder cost basis of $98,000.
This convergence area marks a critical threshold; maintaining prices above this level is favorable for the continuation of the bull market, while falling below it could trigger a medium-term bearish phase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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