Analysis: Bitcoin is located at the lower edge of the new buyer cost base range, and upward momentum has not yet clearly formed.

BTC0,65%

BlockBeats news, on March 29, Glassnode stated that Bitcoin is currently at the lower boundary of the new buyer cost basis range ($60,000 to $70,000). The supply accumulation within this price range is quite apparent, but compared to historical precedents that drove strong recoveries, the current density of the chip cluster is relatively thin. From a structural perspective, the current accumulation structure has constructive significance, but in terms of strength, it is still insufficient and has not formed a clear upward momentum signal.

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