Bitcoin’s $100,000 Support Zone: A Key Indicator for Market Fluctuations

Recent analysis suggests that Bitcoin has established a robust support level near the $102,886 to $99,894 mark. This zone is primarily supported by substantial historical buying activity and reflects where many investors acquired their BTC holdings. The Glassnode’s In/Out of the Money Around Price (IOMAP) indicator highlights this key area. 🕵️‍♂️ It shows how a large volume of Bitcoin was accumulated at specific price levels, indicating potential resistance or support areas. This data can help traders and analysts understand market sentiment. 📈 💰