Bitcoin is re-testing the breaking point.

Recently, Bitcoin (BTC) prices continue to attract the attention of investors. Current data, based on information provided by Glassnode, reveals that Bitcoin has retested the 0.85 cost band around 109 thousand dollars, historically regarded as a 'breaking point'. The critical role of this level in determining price direction in the past has generated significant curiosity among investors.

According to analyses, maintaining the 0.85 band signals strong beginnings in previous cycles, while losing it may cause the price to retreat to the 0.75 band at 98 thousand dollars. Experts emphasize that as long as this band is held above the average investor cost, Bitcoin is likely to continue its upward momentum. However, dropping below this level could accelerate profit realizations in the short term and increase selling pressure.

Historical data, according to the information provided by Glassnode, indicates that during periods when Bitcoin maintained this band, the price typically recorded new highs within a few weeks. Investors are currently focused on the 109 thousand dollars threshold; this level is seen as one of the most important support points that will determine the year-end direction of Bitcoin. For now, monitoring this critical level holds great significance for investors.