Analysis: The current support level for Bitcoin is above 60,000 USD, and the resistance level is around 80,000 USD
Glassnode analyst Chris Beamish stated that the Bitcoin long-term holder cost basis heatmap shows a dense support level for Bitcoin above $60,000, where long-term holders are highly concentrated.
Further up, around $80,000, there is a dense supply, forming a key resistance level. This range defines the current competitive landscape of the supply chain.
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