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Data: The key support level for Bitcoin is between 84,000 and 85,600 USD, with a buying volume of 976,000 BTC in this range.
According to Mars Finance, as the price of Bitcoin breaks through 90,000 US dollars, discussions about the “Christmas market” have once again emerged. Analysts point out that since November 22, Bitcoin has been consolidating within a wide range of 82,000 to 95,000 US dollars. The longer the consolidation period, the stronger and more intense the subsequent rebound will be. The Glassode cost basis distribution heatmap shows that the current key price support level is between 84,000 and 85,600 US dollars, as investors have bought about 976,000 Bitcoins near this price level. If it holds the 84,000 US dollar mark, it may stop further declines.