"Bitcoin, $100,000 as a Major Support Level"

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Son Min

Summary

  • An analysis suggests that the $100,000 level of "Bitcoin" could serve as a major support level.
  • It was reported that the average purchase price for short-term Bitcoin holders has surpassed $100,000.
  • Currently, Bitcoin is trading at $116,871 on the Binance USDT market.

An analysis has suggested that the $100,000 level could serve as a major support for Bitcoin (BTC).

On the 15th (local time), Cointelegraph stated, "The average purchase price of short-term Bitcoin holders has surpassed $100,000," and added, "$100,000 will act as a strong support level going forward."

As of 6:51 PM, Bitcoin is trading at $116,871 on the Binance USDT market, down 4.28% from 24 hours earlier.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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