Analyst: The important support level for Bitcoin is in the range of $100,000 to $107,000.

On August 26, CryptoQuant analyst Axel Adler Jr stated that "the recent strong support zone is located in the range of $100,000 to $107,000, where the short-term holders' actual cost price (STH Realized Price) intersects with the 200-day moving average (SMA 200D). Below this, the support level is around $92,000 to $93,000, which is a deeper support level reflecting the cost basis of short-term investors holding coins for 3 to 6 months. If the market loses the range of $100,000 to $107,000, this will become the critical second line of defense."

BTC-2.54%
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