Bitcoin's Key Support and Resistance Levels Identified by Analysts

Bitcoin's long-term holder cost basis heatmap reveals a significant support level above $60,000, according to ChainCatcher. Analyst Chris Beamish from Glassnode highlights that long-term holders are heavily concentrated at this price point. Additionally, there is a dense supply near $80,000, creating a critical resistance level. This range defines the current competitive landscape of the supply chain.