Bitcoin's current strong support range is identified between $100,000 and $107,000, according to CryptoQuant analyst Axel Adler Jr. This range represents the intersection of the actual price of short-term holders and the 200-day simple moving average. Should Bitcoin fall below this level, deeper support may be found between $92,000 and $93,000, reflecting the cost basis of short-term investors holding coins for 3 to 6 months, potentially serving as a secondary defense line for the market.
Bitcoin's Strong Support Range Identified Between $100,000 and $107,000
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