According to Odaily Planet Daily, analysts at blockchain data platform Glassnode said that investors should pay attention to the $87,000 level, which is the cost basis for short-term Bitcoin holders.
Analysts pointed out that there is a demand gap between the price of Bitcoin at $87,000 and $71,000, with $87,000 being a key level for Bitcoin's short-term price.
During an uptrend, this level acts as support; if Bitcoin breaks above it, it could turn into resistance, indicating a shift in market sentiment.
