Bitcoin continues to hold above a crucial support range between $93,000 and $100,000, bolstering the bullish market structure amid recent price volatility.
The accumulation of supply within this band in Q1 2025 indicates strong psychological and technical support zones for Bitcoin.
Glassnode suggests that as long as BTC remains above the $93K–$100K region, the current uptrend stays intact, with sustained buy-side interest evident.
The support area signifies a demand floor with reduced selling pressure; if Bitcoin regains momentum above $105K, it could pave the way for new all-time highs, while a drop below $93K could challenge the bullish outlook.