Summary
- Bitcoin's strong support level is analyzed to be $83,800.
- Investors who bought Bitcoin over the past six months have made significant profits at this price.
- If negative news emerges in the market, it is expected to act as a buying point.
After Donald Trump's presidential victory last week, Bitcoin, which closed its first weekly decline, is analyzed to have a strong support level at $83,800.
On the 22nd (local time), CryptoQuant author abramchart stated, "Investors who bought Bitcoin over the past six months have made significant profits. According to the Short-Term Holder (STH) realized price, the average cost for these investors is about $83,800," adding, "Their average cost acts as a strong support level for Bitcoin."
The author also added, "If negative news emerges in the market, this price range will be the strongest support and buying point."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
