Bitcoin's Next Key Resistance Level Identified by Glassnode
📌 Key Findings
Bitcoin is facing a strong resistance zone between roughly $113,000-$115,000, based on short-term holder (STH) cost-basis levels and supply clusters in that range. AInvest+1
On the flip side, major support lies in the $107,000-$108,900 range (6-month cost basis cluster). A breakdown below that opens a possible slide toward $93,000-$95,000. insights.glassnode.com+2panewslab.com+2
The analysis suggests:
If BTC clears above ~$113k-115k with conviction, it could trigger a fresh leg up. AInvest
If it fails and slips below ~$107k-108k, risk of deeper correction rises. insights.glassnode.com+1
✅ What to Use for Trading/Watch Setup
Resistance Trigger: Watch for a breakout above ~$113k-115k with volume and follow-through.
Stop / Risk Management: If entering long near current levels, consider placing stop just below the ~$107k-108k support zone.
Take-Profit/Break-Even Move: If you get in and price moves into the resistance zone, consider shifting stop-loss to break even (aligning with your earlier trading rule).
Confirmation Needed: A breakout alone isn’t enough — watch for institutional flows, on-chain demand increasing, and short-term holders starting to be less stressed.
⚠️ Things to Be Cautious About
Just because price hits ~$113k doesn’t mean it will break through — that zone is full of sellers (STHs wanting to get out).
The support zone (~$107k-108k) is strong, but if broken, the market could shift sentiment quickly and push toward ~$93k-$95k.
On-chain metrics indicate the rally so far lacks robust spot demand backing, which means more fragility than some earlier cycles
📌 Key Findings
Bitcoin is facing a strong resistance zone between roughly $113,000-$115,000, based on short-term holder (STH) cost-basis levels and supply clusters in that range. AInvest+1
On the flip side, major support lies in the $107,000-$108,900 range (6-month cost basis cluster). A breakdown below that opens a possible slide toward $93,000-$95,000. insights.glassnode.com+2panewslab.com+2
The analysis suggests:
If BTC clears above ~$113k-115k with conviction, it could trigger a fresh leg up. AInvest
If it fails and slips below ~$107k-108k, risk of deeper correction rises. insights.glassnode.com+1
✅ What to Use for Trading/Watch Setup
Resistance Trigger: Watch for a breakout above ~$113k-115k with volume and follow-through.
Stop / Risk Management: If entering long near current levels, consider placing stop just below the ~$107k-108k support zone.
Take-Profit/Break-Even Move: If you get in and price moves into the resistance zone, consider shifting stop-loss to break even (aligning with your earlier trading rule).
Confirmation Needed: A breakout alone isn’t enough — watch for institutional flows, on-chain demand increasing, and short-term holders starting to be less stressed.
⚠️ Things to Be Cautious About
Just because price hits ~$113k doesn’t mean it will break through — that zone is full of sellers (STHs wanting to get out).
The support zone (~$107k-108k) is strong, but if broken, the market could shift sentiment quickly and push toward ~$93k-$95k.
On-chain metrics indicate the rally so far lacks robust spot demand backing, which means more fragility than some earlier cycles
