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Glassnode: $97,000 is the key resistance level for Bitcoin.
PANews reported on April 23 that Glassnode analyzed in a post on X platform that if Bitcoin (BTC) wants to return to the $100,000 threshold, it still needs to clear a large amount of supply above. Cost basis distribution data shows that there is a particularly dense area around $97,000 where investors hold about 392,000 BTC. Some investors may choose to sell at the breakeven point, making this area a key resistance zone.