Bitcoin built a very strong structural support in the $101k–$109k range, and then upgraded to the next level. Look for the same pattern in the rest of the cycle: surge > chop & build a foundation > upgrade again From this week's BI report: Now that Bitcoin has broken free from the multi-week choppy range, market participants are turning their attention to potential support and resistance levels for future positioning. The Supply Distribution Heatmap offers valuable insights in this regard. One of the most prominent accumulation zones lies between $101k–$109k, where significant volumes of BTC changed hands during the consolidation phase. This region is likely to act as immediate support in the event of a short-term correction. Beneath that, another heavily accumulated zone between $93k–$97k adds a second layer of structural backing. These stacked areas of realized price density reflect a mature market profile, where rather than deep drawdowns, we observe shallower bears but more frequent damped bull-bear cycles. This evolution suggests that capital is rotating more efficiently, with investors anchoring into higher bases as the market steps upward. (to subscribe, use the link in my bio)