Bitcoin Hits Supportive Range, Driven by Investor Confidence

Glassnode data reveals a strong support area for Bitcoin around the $80,000 level. This concentration of buying activity has been highlighted on heat maps, indicating substantial investor interest in this price zone. While recent volatility has impacted the market, Glassnode notes continued fund inflows within this region. Experts believe holding near $80,000 in the short-term is crucial for Bitcoin to achieve sustained upward momentum.