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Analysis: $105,000 Could Be Next Key Support Area
Summary: According to Sentora (formerly IntoTheBlock) data, only about 7.9% of Bitcoin's circulating supply is currently in a state of loss, indicating that the current price range of $121,000 is a concentration area for chips. If the price further retraces, around $105,000 may become a major support area, as this range has historically gathered about 900,000 ...
According to Sentora (formerly IntoTheBlock) data, only about 7.9% of Bitcoin's circulating supply is currently in a state of loss, indicating that the current price range of $121,000 is a concentration area for chips. If the price further retraces, around $105,000 may become a major support area, as this range has historically gathered about 900,000 BTC in buying activity.
