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The strong support range for Bitcoin may be between $100,000 and $107,000.
According to Hashi Chain News, CryptoQuant analyst Axel Adler Jr stated that Bitcoin's strong support area in the near term is located between $100,000 and $107,000, which is the intersection point of the actual price for short-term holders and the 200-day simple moving average. If the market falls below this range, it may find deeper support at $92,000 to $93,000, reflecting the cost basis for short-term investors holding for 3 to 6 months, or becoming the market's second line of defense.
$BTC #Cryptocurrency Blockchain #CryptoQuant CryptoAnalysis #CryptoMarket