Glassnode Analyst Sees Bitcoin Facing Key $66,000 Test After Rebound

Glassnode lead research analyst CryptoVizArt said a short-term holder cost-basis heatmap shows fresh coin transfer to new buyers in the $62,000 to $65,000 range during Bitcoin's rebound from $57,000. According to ChainCatcher, he said the pattern cuts both ways: aggressive buying could establish a new cost base and support another move toward $66,000 or higher, but the accumulation also concentrated near the end of the local rebound. If Bitcoin fails to break above $66,000, the risk of a short-term top would rise. He said $66,000 is the key level for distinguishing between the two outcomes in the near term.