The Price Game Will Be Determinant in Bitcoin: Down is Dark, Up is Bull! - Coin Bulletin

Bitcoin has formed a critical supply zone at the level of 98,000 dollars by trading heavily in the range of 94,000-101,000 dollars in the last 45 days, and this level may be a strong support or resistance point in the future.

According to the data provided by the on-chain analysis platform Glassnode, Bitcoin (BTC) has been heavily traded in the $94,000 - $101,000 range in the last 45 days. During this period, a strong supply cluster formed at the $98,000 level.

According to experts, consolidating at or above this level for a longer period of time can strengthen this area as support in the future and make it a critical point that can hold the price during corrections.

Similarly, if there is a close below this level, the $98,000 area may act as a strong resistance point.

These data show that the $98,000 level could be an important turning point for Bitcoin's future price movements. Investors should closely monitor market trends by paying attention to this critical level.