Bitcoin Resistance Levels at $99,070 and $122,060 in Glassnode MVRV-Derived Price Range

According to on-chain analytics cited by COINOTAG News on December 3, Glassnode data show that the MVRV-derived price bands place two formidable resistance levels for Bitcoin. The thresholds stand at approximately $99,070 and $122,060, offering traders critical reference points for near-term price action.

Analyst commentary by @ali_charts notes that these levels emerge from the MVRV ratio, signaling zones where realized profits may constrain upside momentum. Traders may look for a sustained breakout beyond the upper band to confirm renewed bullish momentum, while a rejection near the lower threshold could invite consolidation.

Within the current risk framework, Bitcoin participants should corroborate MVRV signals with broader liquidity measures and macro context before executing trades.