Bitcoin Accumulation May Create Strong Resistance Levels

According to BlockBeats, on February 28, Glassnode shared on social media that a significant accumulation of Bitcoin occurred between December 2024 and February 2025 in the price range of $96,000 to $98,000. While some addresses within this range are redistributing their BTC, the supply cluster remains dense. This could potentially form a strong resistance level if prices return to this range.