Bitcoin Resistance at $108,500 is the Next Key Test, Glassnode Reports
The next major Bitcoin resistance level is forming around $108,500, according to a key on-chain metric from analytics firm Glassnode. After a strong rebound from support near $100,000, BTC is now consolidating and preparing to test this historically significant price ceiling. This critical Bitcoin resistance level is identified using Glassnode’s “Supply Quantiles Cost Basis Model.” The $108,500 mark represents…