Analyst: Bitcoin Key Support Level in $100,000 to $107,000 Range

BlockBeats News, August 26, CryptoQuant analyst Axel Adler Jr posted, stating, "Bitcoin's recent strong support zone is located in the $100,000 to $107,000 range, where the Short-Term Holder Realized Price (STH Realized Price) intersects with the 200-day Simple 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 for 3 to 6 months. If the market breaks down below the $100,000 to $107,000 range, this will become a key second line of defense."