[glassnode: Bitcoin key support level located near $117,000] Foresight News reports, according to glassnode analysis, Bitcoin's cost basis distribution shows that support between $121,000 and $120,000 is relatively weak, with the key support level located near $117,000. Approximately 190,000 BTC were purchased during the last occurrence. A pullback to this area may attract demand, as recent buyers are likely to defend this level.