Glassnode finds strong BTC support in $60K-$70K range

Strong support has formed for Bitcoin in the $60,000 to $70,000 range, according to on-chain analytics firm Glassnode, as reported by CoinDesk. The firm's analysis shows that a total of 429,000 BTC has been accumulated within this price zone so far this year. This volume now accounts for over 8% of the circulating supply held outside of exchanges, establishing a significant support level in that range.