According to data from Glassnode, Bitcoin is holding support at the $93,000 to $100,000 range, which reinforces the bullish market structure.
Support at $93K–$100K
The cost basis distribution heatmap shows a high concentration of accumulated supply within this band, signaling that a large number of investors entered positions during Q1 2025. These levels now act as strong psychological and technical support zones.
Maintaining the Bullish Trend
Glassnode noted that as long as Bitcoin’s price remains above the $93K–$100K region, the current uptrend remains structurally intact. The chart indicates multiple tests of this range, each followed by a recovery, suggesting sustained buy-side interest.
Importance of the Current Range
The highlighted support area reflects dense cost basis clustering, where a high volume of Bitcoin was last moved. Such zones often act as demand floors, where traders are less likely to sell, reducing downward pressure. If Bitcoin maintains this base and reclaims momentum above $105K, it could set the stage for new all-time highs later in the cycle.
The current market situation for Bitcoin underscores the significance of the support level between $93K and $100K, which may determine the future price dynamics and market direction.
