> “These levels represent critical support and resistance zones in the short term,” CryptoQuant explained.
They also warned that the combination of rising prices and open interest could lead to cascading liquidations followed by a correction.
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💥 CryptoQuant Identifies Key Levels for Bitcoin
Analysts at CryptoQuant have highlighted important price zones for short-term BTC holders:
- $98,000 — for those holding coins 1–3 months
- $89,000 — 3–6 months
- $85,000 — 1–4 weeks
- $63,000 — 6–12 months
> “These levels represent critical support and resistance zones in the short term,” CryptoQuant explained.
They also warned that the combination of rising prices and open interest could lead to cascading liquidations followed by a correction.