Glassnode, the on-chain data analysis platform, has identified important price levels that will influence the direction of Bitcoin (BTC) in the coming weeks. According to the Cost Basis Distribution (CBD) analysis, BTC has a dense supply between $88,100 and $103,000, where many investors are selling to take profits.

- Below this is a supply gap from $70,000 to $88,100, which could become a bottom detection zone if BTC drops significantly. This area could stimulate buying when the BTC price decreases, creating opportunities for new buyers.

- BTC is currently trading around $96,000. The $98,000 level is crucial, where buyers remain persistent despite market volatility. 🌟