"$112,800 Is a Major Support Level for Bitcoin"

Son Min

Summary

It has been claimed that the next major support level for "Bitcoin" is $112,800.
According to the MVRV Pricing Band indicator, $91,400 and $70,000 could also become key support levels in the future.
As of 5:23 PM on the 20th, it was reported that "Bitcoin" is trading at $113,789 on the Binance USDT market, down 1.23% from 24 hours earlier.

There has been a claim that $112,800 is the next major support level for Bitcoin (BTC).

On the 20th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter), "According to the MVRV (Market Value to Realized Value) Pricing Band indicator, Bitcoin's next major support level is $112,800," adding, "$91,400 and $70,000 could also become key support levels in the future."

As of 5:23 PM, based on the Binance USDT market, Bitcoin is trading at $113,789, down 1.23% from 24 hours ago.

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