Bitcoin Faces Critical Cost Threshold, Potential for Significant Rebound

According to BlockBeats, glassnode has reported that Bitcoin is once again testing the crucial cost threshold of approximately $109,000, identified as the 0.85 cost zone. Historically, this level has served as a significant dividing line. Maintaining this level often leads to substantial rebounds, while failing to hold it typically results in further declines to the 0.75 cost zone, around $98,000.