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The recent key support level for Bitcoin is between 84,000 and 85,600 USD, with a buying volume of 976,000 BTC in this range.
Odaily News With Bitcoin prices breaking through 90,000 USD, discussions of the “Christmas rally” have once again emerged. The Glassnode cost basis distribution heatmap shows that the current key price support level is between 84,000 USD and 85,600 USD, as investors have bought about 976,000 Bitcoins around this price level. If it holds above the 84,000 USD mark, it may stop further declines. Analysts point out that since November 22, Bitcoin has been consolidating in a wide range between 82,000 USD and 95,000 USD, and the longer the consolidation period, the stronger and more intense the subsequent rebound will be. (Cointelegraph)