Analysis: Bitcoin's current support level is above $60,000, while the resistance level is around $80,000.
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According to ME News, on February 6th (UTC+8), Glassnode analyst Chris Beamish stated that a Bitcoin long-term holder cost base heatmap shows a dense support level above $60,000, where long-term holders are highly concentrated. Further up, the $80,000 area has dense supply, forming a key resistance level. This range defines the current competitive landscape of the supply chain. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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