$106K is key resistance level for BTC: Glassnode

On-chain analytics firm Glassnode reported on X that Bitcoin’s (BTC) price has stalled just below $106,600, a level where about 31,000 BTC were originally acquired. This price point, formed on Dec.16, represents a strong supply zone, as holders have not sold or adjusted their positions. Glassnode noted that this makes $106,600 a key short-term level to monitor.