Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch

Quick Summary:

The on-chain analytics platform highlighted $74,000 (where investors bought 49,000 BTC) and $71,000 (where investors bought 41,000 BTC) as the next support levels should the Bitcoin price fall beneath $80,000.

According to Glassnode, the cost basis distribution data reflects the total Bitcoin supply held by addresses with an average cost basis within specific price buckets.

Is BTC At Risk Of A Fall To $71,000?   In a recent post on the X platform, blockchain analytics firm Glassnode explained the recent investor behavior and how it could impact the Bitcoin price action over the next few days.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomFranceOman

Topics: Bitcoin Glassnode Bitcoin price Btc Bitcoin BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 15:30:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27401989

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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