Bitcoin Hits New Record High Above $108,500 – Glassnode Analysis

Glassnode, a renowned blockchain analytics firm, has identified a crucial resistance level in the Bitcoin market above $108,500. This level plays a significant role in determining the cryptocurrency’s future trajectory based on sophisticated data analysis of investor behavior patterns. 108,500 marks the average cost basis for the top 15% of Bitcoin investors, historically facing substantial selling pressure when approached during market recoveries.