Data: The key support level for Bitcoin is between $84,000 and $85,600, with a buying volume of 976,000 BTC in this range

As the price of Bitcoin breaks through $90,000, discussions about the "Christmas rally" have resurfaced. Analysts point out that since November 22, Bitcoin has been consolidating in a wide range between $82,000 and $95,000, and the longer the consolidation period, the stronger and more intense the subsequent rebound will be.

The Glassnode cost basis distribution heatmap shows that the key price support level is currently between $84,000 and $85,600, as investors have bought approximately 976,000 Bitcoins around this price level. If the $84,000 mark is maintained, it may halt further declines.