Bitcoin’s Future Hinges on These Crucial Price Levels

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The next few weeks could see BTC fall to $70,000 or rally above $103,000 as investors either double down on demand or offload their assets more

The on-chain data analysis platform Glassnode has identified several price levels that hold the key to bitcoin’s (BTC) price trajectory in the coming weeks. Depending on which direction the leading digital asset goes, there could be a massive correction or strong resilience that could enable positive price movement.

According to Glassnode’s tweet, these price levels were obtained by analyzing the Cost Basis Distribution (CBD) metric, which measures the total Bitcoin supply held by addresses with an average cost basis within specific price ranges.

Bitcoin’s Bottom Discovery Region

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