Bitcoin's price movement into the $62,000–$65,000 range has attracted a new wave of buyers, according to Glassnode's Chief Research Analyst CryptoVizArt. The Short-Term Holder (STH) cost basis distribution heatmap indicates that this influx of new supply could either support further price increases or risk forming a local top. The critical level to watch is $66,000, which, if breached, could signal continued upward momentum. However, failure to surpass this threshold may result in a local top, as buying activity is heavily concentrated at the current price range.