On December 1st, Glassnode published that after Bitcoin fell to the low $80,000 range, a new cost benchmark cluster was formed, indicating that there is new buying accumulation at this price level. This area has now become one of the most densely populated regions on the heatmap, potentially turning into a strong support zone, and is expected to be actively defended by recent buyers.
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glassnode: The $80,000 range could become a strong support area for Bitcoin.
On December 1st, Glassnode published that after Bitcoin fell to the low $80,000 range, a new cost benchmark cluster was formed, indicating that there is new buying accumulation at this price level. This area has now become one of the most densely populated regions on the heatmap, potentially turning into a strong support zone, and is expected to be actively defended by recent buyers.