Glassnode: BTC price faces key support level of $95000 to $97000

According to Foresight News, data analysis platform Glassnode has updated its Bitcoin supply cluster heatmap (CBD heatmap), which shows that the first dense supply cluster is located in the $95500-97000 range, slightly below the short-term holder cost base of $98000. This convergence zone marks a critical threshold, where prices staying above is conducive to the continuation of the bull market, while falling below this level may trigger a medium-term bearish phase.