[Analysis] "Bitcoin, if it fails to quickly recover to $112,000, will test $100,000 support"
Suehyeon Lee
Summary
- "Bitcoin" needs to quickly recover to $112,000, according to analysis.
- If it fails to recover, $100,000 could become the downside support.
- It reported that Bitcoin is currently trading at $108,430.38, down 3.4% from the previous day.
Bitcoin (BTC) has been analyzed as needing to quickly recover to $112,000.
On the 30th (local time), Julio Moreno, head of CryptoQuant Research, said, "From a short-term valuation perspective, if Bitcoin does not quickly recover to $112,000, the next downside support would be at $100,000."
Meanwhile, Bitcoin is currently trading at $108,430.38 on CoinMarketCap, down 3.4% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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