Summary
- Julio Moreno, CryptoQuant research head, predicted that if Bitcoin (BTC) does not quickly reclaim $112,000, $100,000 will become the downside support.
- Moreno said the recent short-term correction in Bitcoin and whether key price levels are reclaimed are key variables determining future direction.
- He said Bitcoin was trading at $100,380, down 3.75% from the previous day, as of 02:43 on the 30th.
On the 29th (local time), Julio Moreno, CryptoQuant research head, said on his X (formerly Twitter), "From a short-term valuation perspective, if Bitcoin (BTC) does not quickly reclaim $112,000, the downside support will form around $100,000."
Moreno noted the recent short-term corrective trend in Bitcoin and emphasized that whether key price levels are reclaimed is a key variable that will determine future direction.
As of 02:43 on the 30th, Bitcoin was trading at $100,380 on the Binance Tether (USDT) market, down 3.75% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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