The latest Bitcoin (BTC) cost heatmap analysis reveals some striking market dynamics. The data shows that support is relatively weak in the range of $121,000 to $120,000. This means that if selling pressure occurs, the BTC price could quickly fall through this area.

However, what is more noteworthy is the price level around $117,000. In this area, approximately 190,000 Bitcoins have been bought recently, forming a significant buyer accumulation. This price level could become a key support point.

If the price of Bitcoin falls to around $117,000, we are likely to see strong buying interest. This is because investors who recently entered may actively defend their entry price, while this price range may also attract new capital inflows.

Overall, although the support around $121,000 is relatively weak, the price level of $117,000 may form a quite solid bottom support. The performance at this price level will have a significant impact on the short-term movement of Bitcoin.

Investors and traders should closely monitor these key price levels, but at the same time, it is important to remember that the cryptocurrency market is highly volatile, and price trends can change rapidly. It is essential to conduct thorough research and risk assessment before making any investment decisions.