Summary
- $96,000 and $91,000 have been suggested as key support levels for Bitcoin.
- $96,000 is significant as the average purchase price for 1-7 day holders.
- The average price of $91,745 for 1-4 week holders increases the possibility of price support.
An analysis suggests that $91,000 and $96,000 will act as key support levels for Bitcoin in case of a decline.
On the 5th (local time), Burak Kesmece, an analyst at CryptoQuant, stated, "The average purchase price for those holding Bitcoin for 1-7 days is $96,000," and "The average purchase price for those holding for 1-4 weeks is set at $91,745." He further mentioned, "If a Bitcoin correction occurs, these price ranges are likely to become key support levels," and "In fact, Bitcoin showed a decline to $91,500 and then rebounded."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
