Analyst: Bitcoin's main support level is in the $106,000 to $107,000 range; if it fails, it will test $100,000.
ChainCatcher news, CryptoQuant analyst Axel stated on social media, "The main support zone for bitcoin is currently concentrated in the $106,000–$107,000 range (STH 1-month to 3-month realized price - 200-day simple moving average). If this range is lost, BTC will test the $100,000 support, which is where the annual moving average (365-day simple moving average) is located. As long as this base holds, the market structure remains bullish."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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