Strong

Bitcoin

On-Chain data suggests that Bitcoin could form a strong support area just above the $80,000 range. On-Chain platform Glassnode, in a statement on X, noted that BTC's recent decline has created a new cost basis accumulation in this price range.
According to data shared by Glassnode, Bitcoin has begun to find buyers again just above the $80,000 level, making this range one of the most concentrated price concentrations in recent times. The platform notes that this price range now stands out as one of the most prominent concentration areas on heat maps, a critical indicator of investor behavior.
Glassnode emphasizes that despite the recent surge in volatility, fund inflows in this region have continued, demonstrating that market confidence hasn't completely disappeared. Experts emphasize that holding around $80,000 in the short term is crucial for Bitcoin to regain upward momentum.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/on-chain-platform-glassnode-reveals-strong-support-area-in-bitcoin-details-here/" rel="noopener noreferrer nofollow">On-Chain Platform Glassnode Reveals Strong Support Area in Bitcoin! Details Here</a>

On-Chain Platform Glassnode Reveals Strong Support Area in Bitcoin! Details Here

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