๐ Bitcoin is currently trading below a major supply zone:
The $84,000 to $85,000 range holds more long-term holder supply than any other price band on the chart.
๐ Glassnode's Insights:
According to on-chain analytics platform Glassnode, for this ongoing rally to continue, Bitcoin's price must break above this $84,000โ$85,000 range and successfully hold above it.
$BTC #TradingTales #TradingCommunity
The $84,000 to $85,000 range holds more long-term holder supply than any other price band on the chart.
๐ Glassnode's Insights:
According to on-chain analytics platform Glassnode, for this ongoing rally to continue, Bitcoin's price must break above this $84,000โ$85,000 range and successfully hold above it.
$BTC #TradingTales #TradingCommunity
