According to on-chain data from Glassnode, Bitcoin continues to hold above a crucial structural support range between $93,000 and $100,000, reinforcing the broader bullish market structure despite recent price volatility.
The cost basis distribution heatmap shows a high concentration of accumulated supply within this band, signaling that a large number of investors entered positions during Q1 2025. These levels now act as strong psychological and technical support zones.
Holding the Band Keeps Uptrend Intact
Glassnode noted that as long as BTC’s price remains above the $93K–$100K region, the current uptrend remains structurally intact. The chart indicates multiple tests of this range, each followed by a recovery, suggesting sustained buy-side interest.
“Price holding above this band suggests the broader bullish structure is intact despite short-term volatility,” Glassnode stated.
Why This Range Matters
The highlighted support area reflects dense cost basis clustering, where a high volume of Bitcoin was last moved. Such zones often act as demand floors, where traders are less likely to sell, reducing downward pressure.
If Bitcoin maintains this base and reclaims momentum above $105K, it could set the stage for new all-time highs later in the cycle. Conversely, a breakdown below $93K would challenge the bullish thesis and open the door to deeper retracement.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-holds-above-key-93k-100k-zone-preserving-bullish-structure/