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Analyst: The main support level for Bitcoin is in the range of $106,000 to $107,000. If it fails to hold, it will test $100,000.
BlockBeats news, on October 17, CryptoQuant analyst Axel posted on social media stating, “Currently, the main support area for Bitcoin is concentrated in the range of $106,000 to $107,000 (STH 1 month to 3 months realized price - 200-day simple moving average). If this range is lost, BTC will test the $100,000 support, which is where the annual moving average (365-day simple moving average) is located. As long as this base holds, the market structure remains bullish.”