Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?

On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues.
Bitcoin Has Next Major On-Chain Support Around $56,000
According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the price range around $56,000 for support.In on-chain analysis, a level’s potential as support or resistance is based on the total number of coins that the i