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glassnode: Bitcoin is once again testing the support level around $109,000, and if it holds, it will usually trigger a significant rebound.
On October 31, glassnode published that “BTC has once again tested the 0.85 cost range around $109,000, which has historically been a key watershed. If this level is maintained, it usually triggers a significant Rebound; once it is lost, it often continues to dip to the 0.75 cost range (around $98,000).”