Data: The support level for Bitcoin is $111,000, and the resistance level is $117,000
ChainCatcher message, glassnode stated that based on the cost basis distribution of Bitcoin, there is support around $111,000, while there is a large supply of sell orders around $117,000. This price range defines the battleground between recent buyers and profit-takers. A breakout in either direction could set the tone for the next major market movement.
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