strong buy
Bitcoin Bullish Signal Maintained with Key Support Levels Holding
According to Glassnode, Bitcoin maintains a bullish structure. The $93K–$100K range remains a critical support zone for $BTC. Heatmap data illustrating the distribution of cost basis shows significant accumulation at these levels during the first quarter of 2025. This indicates the ongoing bullish trend is likely to persist despite short-term market volatility.
The Cost Basis Distribution (CBD) demonstrates the number of Bitcoins held by addresses that purchased the asset within specific price ranges.
This information suggests that the market participants continue to hold their positions firmly, supporting a scenario where the bullish trend could sustain itself over the medium term.
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AI Analysis
The analysis from Glassnode paints a favorable outlook for Bitcoin, emphasizing that the asset's established support levels between $93,000 and $100,000 are crucial for maintaining its bullish structu...
AI Recommendation
Investors should consider maintaining their holdings given the strong accumulation signals and support levels. The persistence of bullish structures, supported by distribution data, suggests that the ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.