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