Bitcoin Price Range Identified as Potential Support for Bulls

A report from Glassnode highlights critical Bitcoin price levels for potential bullish support.

Key Insights from the Report

The UTXO Realized Price Distribution indicates limited supply between $70,000 and $92,000 before a recent price drop.
This "air-gap" may have facilitated BTC's decline into this range, but buying activity from bulls has since improved support in this area.
The Realized Price of short-term holders shows a current lower bound at $71,000, aligning with the air-gap region.
The Active Realized Price stands at $70,000, reinforcing the significance of this price zone as a potential defense line for bulls.

Bitcoin is trading around $90,000, reflecting a nearly 5% increase over the past week.