Bitcoin Faces Resistance Near Major Supply Zones at $93K–$96K and $100K–$108K, Glassnode Data Shows

COINOTAG News, citing Glassnode data, notes that Bitcoin currently faces two major supply zones that have historically shaped price action. The first range runs from $93,000 to $96,000, with the second extending from $100,000 to $108,000. These bands are critical supply pockets where selling pressure tends to intensify as the market revisits them. As price approaches these thresholds, traders should anticipate resistance in the vicinity of the upper end of each zone, potentially constraining near‑term upside. A decisive move beyond the higher band may reframe the price outlook and invite renewed buying interest, while failure to clear the zones could result in a consolidation phase. Investors are advised to corroborate these levels with additional on‑chain metrics and volatility signals to gauge risk and optimize entry points around these key levels.