A new support level for Bitcoin has emerged, signaling increasing confidence among investors. According to Glassnode, an analytics firm specializing in cryptocurrency data, the price of Bitcoin now stands at a key zone near the low $80,000 mark. This recent stabilization and buying interest at this level suggests a potential turning point in the market’s trajectory. ➡️ Glassnode utilizes their proprietary Cost Basis Heatmap to identify these levels. This tool shows where large clusters of Bitcoin were purchased earlier, forming key zones that signal strong buyer pressure. This analysis is based on on-chain data, an immutable record of all Bitcoin transactions, which indicates a significant number of investors are willing to buy at this price point.