According to market analytics firm Glassnode, the next major support level for Bitcoin could be around $80,100 if the current level of $96,788 is lost. Glassnode highlighted Bitcoin's adjusted MVRV Z-Score as an indicator for price support zones. The firm also mentioned that Short-term holders (STHs) have a cost basis of $92,200, which is important for maintaining the current uptrend. Additionally, Glassnode noted a liquidity gap below the current support, which could accelerate downward pressure. Market analyst Ali Martinez pointed out strong demand and supply zones for Bitcoin, with a breakout in either direction potentially setting the market trend. Despite range-bound movements, on-chain analyst Darkfost stated that Bitcoin demand remains strong, as evidenced by continued outflows from exchanges.



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