glassnode: Bitcoin support level is $111,000, resistance level is $117,000

On October 28, glassnode stated that based on the cost basis distribution of Bitcoin, there is support around $111,000, while there is a large supply of selling around $117,000. This price range defines the battleground between recent buyers and profit takers. Regardless of the direction of the breakout, it could set the tone for the next major market trend.

BTC-0.77%
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