glassnode: Next BTC Resistance Level at $117,000, Significant On-Chain Activity in the $110,000 to $114,000 Range

BlockBeats News, September 12th, according to glassnode data, Bitcoin's cost basis distribution shows a dense support level in the $110,000 to $114,000 range, where a significant supply has been accumulated.

The next major supply area is located near $117,000, which may act as resistance.