Analysis: Bitcoin forms a key resistance zone near $117,000
2025-09-18 11:31:00
According to the chart published by glassnode, Bitcoin's CBD heat map shows that its supply is highly concentrated near the $117,000 price level, forming a key resistance area. A breakout of this level could clear the way for subsequent upward hits to more illiquid areas. If the breakout fails, there is a risk of an extended consolidation cycle or a price pullback.
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