Bitcoin Faces Key Support at $111,000 and Resistance at $117,000, Glassnode Data Shows

On-chain analytics firm Glassnode has identified a critical Bitcoin price range between $111,000 and $117,000 based on investor cost basis. The $111,000 level reflects strong buying during recent downturns, while $117,000 corresponds to purchases near all-time highs. A retest of these levels may trigger significant market reactions depending on direction and sentiment.