"Bitcoin, $103,500 Level Is a Major Support Line"

Son Min

Summary

An analysis indicates that the major support range for "Bitcoin" is around $103,500.
This support range is where the Realized Price for short-term holders and the 200-day Simple Moving Average (SMA) intersect.
It was reported that if this support level collapses, Bitcoin could drop to as low as the $92,000 support zone.

An analysis suggests that the major support range for Bitcoin (BTC) is around $103,500.

On the 26th (local time), Axel Adler Jr., a contributor to CryptoQuant, stated on X (formerly Twitter), "The key support zone for Bitcoin is in the $100,000~$107,000 range," adding, "This range is where the Realized Price for short-term holders and the 200-day Simple Moving Average (SMA) intersect."

He further explained, "If this support level collapses, Bitcoin may fall as low as the $92,000 support level."

BTC