- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Analyst: Bitcoin Support Located in $109,600 to $106,800 High Demand Zone
By: theblockbeats.news|2025/08/20 07:12:07
BlockBeats News, August 20th, CryptoQuant analyst Axel posted on social media, stating that this pullback is relatively mild, with Bitcoin only dropping 8% from its local high. The mid-term support is located at the 111-day moving average ($109,600) and the short-term holder realized price ($106,800). This area forms a dense demand zone, and it is expected that this zone will see stabilization attempts and a rebound.
Analysis: The U.S. Treasury is set to withdraw $500-600 billion in cash from the market over the next two months, potentially leading to increased market illiquidity.
Matrixport: Current Crypto Concept Stock Institutional Participation is Insufficient, Stock Price May Further Consolidate in the Short Term
You may also like
Share
Gainers
Latest Crypto News
05:45
Australia Introduces New Cryptocurrency Exchange Regulation Bill, Introducing Concepts of Digital Asset Exchange and Tokenization Custody Platform
05:15
Tether to Discontinue EUR₮ Redemption Service Today
05:15
The US Ethereum Spot ETF has seen net inflows for 4 consecutive trading days, with yesterday recording an inflow of $60.8 million.
05:15
Analysis: Focus on the $99,000 historical price equilibrium line, which has not been able to rise above after previous bull/bear conversions.
04:45
Hyperliquid Sees Multiple Multi-Million Dollar BTC Inflows in a Single Day, with the Largest Inflow Reaching $91 Million
Read more
Community
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App