Bitcoin Transaction Price Near $104K: Glassnode Signals Critical $100.6K–$108.5K Support–Resistance Zone for the Next Trend

COINOTAG News, citing Glassnode, reports that the Bitcoin on-chain cost basis sits near $104,000. The measure sits in the cost percentile band of roughly 0.75–0.85, translating to approximately $100,600–$108,500. Historically, this zone has functioned as a dynamic support and resistance corridor, with a breach beyond either boundary often foreshadowing the next directional trend in price action.

Traders should note that moves beyond these thresholds have, in past cycles, coincided with shifts in momentum. The analysis reinforces the value of on-chain metrics for framing crypto price action and informs a cautious, data-driven approach to Bitcoin price analysis and risk management.