Breaking major supply clusters is key for Bitcoin’s next peak
Breaking through major supply clusters held by large buyers is a critical condition for Bitcoin to regain upward momentum and reach new highs, according to Glassnode.
Source Glassnode
The nearest clusters are located at the $93,000–$96,000 and $100,000–$108,000 levels, where some resistance from recent buyers is expected.
This suggests that for Bitcoin to confidently climb higher, it must overcome these key price zones, potentially signaling further price growth after the breakout.