CryptoQuant Analyst: Strong Support Zone for Bitcoin Lies Between $100,000 and $107,000
Foresight News reports that CryptoQuant analyst Axel Adler Jr tweeted, "Bitcoin's recent strong support range is between $100,000 and $107,000, which is where the STH realized price intersects with the 200-day SMA. Below this, there is additional support around $92,000 to $93,000, which represents a deeper support level reflecting the cost basis of short-term investors holding for 3 to 6 months."
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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