LogoBlack
ENarrow-down
  • JP
  • EN
Crypto

Bitcoin Has Room to Rise, But Watch for Profit-Taking Movements, Says Glassnode Analysis

2025/07/18 18:12 (Updated 2025/07/19 06:01)
CoinPost
Written by N.Koda
SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Bitcoin Has Room to Rise, But Watch for Profit-Taking Movements, Says Glassnode Analysis

Breaking Through Two Accumulation Zones

On November 16, blockchain analytics firm Glassnode released a market analysis report on Bitcoin (BTC). Based on on-chain metrics and historical data, the report forecasts that prices have the potential to rise further, with $130,000 (approximately 19.3 million yen) identified as the next significant resistance level.

After stagnating in the $100,000 to $110,000 range for several weeks, Bitcoin regained momentum and reached a new all-time high of $122,838 on November 14.

According to the Cost Basis Distribution (CBD) heatmap, there was significant buying activity in the $93,000 to $97,000 range and from $104,000 to $110,000...

SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Side Banner
Side Banner
日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.