PANews reported on December 1st that Glassnode published an article on the X platform stating that after Bitcoin fell to the $80,000 area, a new cost base cluster formed, indicating new capital accumulation at these price levels. This area has now become one of the most densely packed bands on the heatmap and may form strong support, where recent buyers are likely to defend and hold their ground.PANews reported on December 1st that Glassnode published an article on the X platform stating that after Bitcoin fell to the $80,000 area, a new cost base cluster formed, indicating new capital accumulation at these price levels. This area has now become one of the most densely packed bands on the heatmap and may form strong support, where recent buyers are likely to defend and hold their ground.
Analysis: Bitcoin may find strong support in the $80,000 area.
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PANews reported on December 1st that Glassnode published an article on the X platform stating that after Bitcoin fell to the $80,000 area, a new cost base cluster formed, indicating new capital accumulation at these price levels. This area has now become one of the most densely packed bands on the heatmap and may form strong support, where recent buyers are likely to defend and hold their ground.
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