[Analysis] "Bitcoin Defends Key Support Level… Potential Breakthrough to $130,000 Expected if Buying Pressure Increases"
Suehyeon Lee
Summary
- It was reported that Bitcoin is maintaining stability above the key support level.
- The analyst commented that if buying pressure enters, there is a possibility for an increase up to $131,000.
- Currently, Bitcoin is trading at $118,921.78.
Bitcoin (BTC) is maintaining stability above its key support levels, and there is a prediction that it could rise as high as $130,000 if buying pressure enters the market.
On the 24th (local time), cryptocurrency analyst Ali Martinez stated on X that, "The $117,400 support level is being held steadily. If buying pressure enters this zone, there is potential for a rally up to $131,000."
Meanwhile, at present, Bitcoin is trading at $118,921.78 on CoinMarketCap, down 0.31% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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