Glassnode: The next key resistance level for BTC is around $108,500
Jinse Finance reported, according to Glassnode data, Bitcoin has successfully rebounded from the 75th percentile cost basis (around $100,000), and is currently consolidating near $106,200. The next key resistance level is the 85th percentile cost basis (around $108,500), which has historically acted as strong resistance during recovery rallies.
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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