Bitcoin CBD Heatmap Marks $95,500–$97,000 As Make-Or-Break Zone – Details
Bitcoin has experienced a decline since reaching an all-time high, trading as low as $101,000 amid new US trade tariffs and geopolitical tensions. Currently, Bitcoin is priced around $104,000, reflecting a 2.03% drop in the past day. Glassnode identifies a critical price range of $95,500–$97,000 as a significant support level based on Cost Basis Distribution data. This range is crucial for maintaining bullish momentum; falling below it could lead to panic selling and bearish trends. Analysts predict potential further declines, with forecasts suggesting Bitcoin may drop to around $93,000–$95,000, which could trigger widespread liquidations. Bitcoin's market cap stands at $2.05 trillion, with a dominance of 64.3%, and it has recorded a 6.10% loss over the past month.
