PANews reported on May 19 that Glassnode posted on the X platform that the price of Bitcoin stagnated at a level slightly below $106,600, which is the price that gathers the holding cost of 31,000 Bitcoins. This supply-intensive area has remained stable since it was formed on December 16 last year. At present, holders have neither sold to cash out nor increased their holdings on dips, so $106,600 has become a key price that deserves close attention in the short term.
Glassnode: $106,600 is the key resistance level for Bitcoin
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