Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103975
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.99%
Bitcoin Share
NewsBTC 2025-06-22 01:00:17

Bitcoin CBD Heatmap Marks $95,500–$97,000 As Make-Or-Break Zone – Details

Bitcoin CBD Heatmap Marks $95,500–$97,000 As Make-Or-Break Zone – Details

Since hitting a new all-time high almost a month ago, Bitcoin has done little to assure investors of intent to explore new price territories. Amid announcement of new US trade tariffs and rising geopolitical tensions between Israel and Iran, the premier cryptocurrency has come under bearish influences to trade as low as 101,000. At press time, Bitcoin is hovering near $104,000 following a 2.03% % decline in the past day. However, popular analytics company Glassnode has highlighted a crucial price range worth monitoring especially in the advent of a further price decline. Related Reading: Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential $95,500–$97,000: Bitcoin’s Line In The Sand In a recent X post, Glassnode shares an insight into the Bitcoin market based on data from Cost Basis Distribution (CBD) heatmap. The CBD is a common on-chain metric that tracks the price levels at which tokens were last purchased or sold. When a substantial amount of coins are traded within a specific price range, it forms a supply cluster capable of acting as a support or resistance level. According to Glassnode’s report, the Bitcoin’s CBD heatmap shows the first dense supply cluster below the current market price lies at $95,500 – $97,000 price zone. Interestingly, this range rests just below the short-term holders (STH) cost basis suggesting a confluence of technical and on-chain metric to present a high-stake battleground. Therefore, Glassnode analysts explain that holding the market price above this threshold reinforces bullish momentum and boosts Bitcoin chances of re-entering a price discovery mode. However, a breakdown below the $95,500 price level could trigger panic selling supporting bearish projections for the mid-term to short-term. Interestingly, prominent market analysts including anonymous X expert with username Mr. Wall Street has backed the latter scenario stating Bitcoin is due for a further price drops. Mr. Wall Street strictly warns Bitcoin would not hold above the $100,000 psychological support zone forecasting a price fall to around the $93,000 – $95,000 which Glassnode predicts should induce widescale market liquidations. Related Reading: BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop? Bitcoin Market Overview At the time of writing, Bitcoin is trading at $103,753 with a cumulative 1.27% decline in the past week. During this period, the flagship cryptocurrency remained largely under $106,000 barring a weak price breakout between June 16 and June 17. On a monthly scale, Bitcoin has now recorded a 6.10% loss, signaling a gradual shift in momentum with bearish forces regaining control of the market. Meanwhile, with a market cap of $2.05 trillion, the “digital gold” continues to rank as the largest cryptocurrency with a reported market dominance of 64.3%. Featured image from Pexels, chart from Tradingview

Most Read News

Moralis Money
Market Cap
24h Vol
63.99%
Bitcoin Share
79
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.