Glassnode: $106,600 is the key resistance level for Bitcoin.

2025-05-19 12:00:13

PANews reported on May 19 that Glassnode stated on X platform that the price of Bitcoin is stagnating just below the level of $106,600—this price point has accumulated a holdings cost of 31,000 Bitcoins. This supply dense area has remained stable since it formed on December 16 of last year. Currently, holders are neither dumping for cash nor increasing their holdings at lower prices, making $106,600 a key price point worth close attention in the short term.

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Youduoduo

· 05-19 12:24

PANews reported on May 19 that Glassnode stated on platform X that the price of Bitcoin is stagnating slightly below the level of $106,600—this price point has accumulated a holding cost of 31,000 Bitcoins. This supply dense area has remained stable since its formation on December 16 of last year. Currently, holders are neither selling to cash out nor increasing their holdings on dips, making $106,600 a key price level to closely follow in the short term.

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