glassnode: Bitcoin needs to break through the $93,000 to $109,000 range to reach new highs again
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Foresight News reported that according to the glassnode long-term holder supply distribution heatmap, there is a dense cluster of bitcoin holdings between $93,000 and $109,000, forming a significant upper supply zone (resistance band). The analysis points out that any sustained upward trend must first absorb this supply; typically, only a decisive breakout above this range can reopen the path to a new all-time high (ATH) in the long term.
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