Bitcoin (BTC) Price Support Holds Strong Between $93,000 and $100,000, Signals Glassnode Analysis

Glassnode recently highlighted that the $93,000 to $100,000 price band remains a critical structural support zone for Bitcoin (BTC). According to their analysis, a substantial volume of capital was amassed within this range during the first quarter, underscoring its significance in the market’s foundation. Despite experiencing short-term price fluctuations, maintaining levels above this support range suggests that Bitcoin’s broader bullish trend is intact. This insight provides investors with a clearer perspective on Bitcoin’s resilience amid volatility, reinforcing confidence in its long-term upward trajectory. Market participants should monitor this support zone closely, as it plays a pivotal role in sustaining Bitcoin’s momentum and overall market stability.