Bitcoin At A Crossroad: Why You Need To Watch $108,000 And $116,000

On-chain data shows that Bitcoin (CRYPTO: BTC) is holding a crucial support level at $114,000, with markets now at a crossroads that could define its next price direction.

What Happened: Bitcoin remains locked in a $110,000–$116,000 range, with Glassnode data suggesting that a move above $114,000 could unlock bullish momentum, while losing $108,000 risks cascading stress.

Since the mid-August all-time high, BTC has retraced into an “air gap,” redistributing supply below the cost basis of recent top-buyers.

On-chain metrics show healthy dip-buying around $108,000, yet the key debate remains whether this signals consolidation or the start of contraction.

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