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Two Analytics Firms Identify Two Critical Zones to Watch in Bitcoin Price

Two Analytics Firms Identify Two Critical Zones to Watch in Bitcoin Price
Leading cryptocurrency analysis firms Glassnode and GreeksLive have provided their latest insights on Bitcoin's price action. GreeksLive highlights the crucial support level of $82,000 for Bitcoin to maintain its upward momentum on higher time frames. The recent 17% drop in Bitcoin has sparked concerns among the crypto community, leading to discussions about whether it indicates a larger market correction. Glassnode has identified a key resistance zone at $96,000 to $98,000, where strong accumulation and a concentrated supply cluster could act as significant resistance if revisited. The market could experience choppy price action and potentially retest the $88,000 level before the next major move.

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