Analysis: Bitcoin forms a key resistance zone around the $117,000 price point
Source: Htx
Time: 2025-09-18 19:33:34
According to Huobi HTX, according to a chart released by glassnode, Bitcoin's CBD heatmap shows that its supply is highly concentrated around the $117,000 price point, forming a key resistance zone. Breakthroughs through this price may clear obstacles for subsequent upward reaching areas with thinner liquidity, and if the breakthrough fails, it may face the risk of an extended consolidation cycle or a price decline.