[Analysis] "Bitcoin short-term resistance is $93,000… must break to regain ATH momentum"
JOON HYOUNG LEE
Summary
- Glassnode said the short-term resistance for Bitcoin is in the $93,000–$96,000 range.
- It said the resistance must be broken to regain all-time high momentum.
- It analyzed that the $100,000–$108,000 range is an area where the volumes of recently entered buyers are concentrated.
An analysis said Bitcoin (BTC) must break the short-term resistance in the $93,000 range to secure upward momentum.
On-chain analytics company Glassnode said on the 28th (local time) via its official X account, "(Bitcoin's) currently most important short-term resistance range is $93,000–$96,000," and stated, "To regain momentum toward an all-time high (ATH), breaking through the supply cluster of top buyers is the key condition."
If Bitcoin breaks $96,000, the next resistance range is $100,000–$108,000. Glassnode analyzed, "That range is an area where the volumes of recently entered buyers are concentrated," and "It is common for a certain level of resistance to occur."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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