According to glassnode, the BTC CBD Heatmap identifies a dense supply cluster between $95.5k and $97k, positioned just below the short-term holder cost basis at $98k. This confluence is a critical trading threshold: sustained price action above this level supports bullish continuation for Bitcoin (BTC), while a breakdown below may signal the start of a bearish phase in the mid-term. Traders should closely monitor price reactions in this zone for potential breakout or reversal opportunities (source: glassnode, June 20, 2025).

According to Material Indicators (@MI_Algos), the current bull market for Bitcoin remains intact as long as Bitcoin does not fall below a specific critical support level. This line, referred to as a 'line in the sand,' serves as a pivotal point in determining market momentum. Traders should monitor this threshold closely for potential trading opportunities or risks. Source: Material Indicators via x.com.