Benzinga - Crypto analytics company Glassnode has identified a critical resistance threshold for Bitcoin (CRYPTO: BTC) amidst its downward trend, with the cryptocurrency having dipped to levels around $36,000 on Friday.
Why It Matters: Glassnode warns that Bitcoin’s transaction data shows $30,000 as a key support level, which, if BTC reaches it, could lead to a significant sell-off in the market.
Where might #Bitcoin hold or fold?