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Bitwise: Market anxiety reaches its peak, indicating that the crypto market is approaching the bottom
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Analysis: Bitcoin's current support level is above $60,000, and the resistance level is around $80,000.
ChainCatcher Message, Glassnode analyst Chris Beamish states that the heatmap of long-term Bitcoin holders’ cost basis shows a dense support level above $60,000, with long-term holders highly concentrated here.
Further up, there is a dense supply around $80,000, forming a key resistance level. This range defines the current supply chain competition landscape.