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glassnode: Bitcoin is once again testing the support level around $109,000, and if it holds, it will usually trigger a significant rebound.
BlockBeats News, on October 31, glassnode stated, “BTC has once again tested the $109,000 0.85 cost range, which has historically been a key watershed. If this level is maintained, it usually triggers a significant Rebound; however, if it is lost, it often continues to dip to the 0.75 cost range (approximately $98,000).”