Bitcoin may fall to $88,000 if it does not regain the $113,000 level, according to analysis by Glassnode. The current market dynamics suggest a significant price vulnerability. Analysts underline the importance of reclaiming the $113k threshold to stabilize the cryptocurrency’s value. Without this recovery, Bitcoin could experience a downward trend, impacting investor confidence and the broader market landscape. Glassnode’s insights indicate that the ability to hold key price levels is critical for Bitcoin’s future trajectory.
