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Analyst: Bitcoin Support Located in Intensive Demand Zone Between $109,600 and $106,800
Summary: According to CryptoQuant analyst Axel, the recent pullback in Bitcoin has been relatively mild, with a decrease of only 8% from local highs. The mid-term support is located at the 111-day moving average ($109,600) and the short-term holder's realized price ($106,800), forming an intensive demand zone. It is expected that this zone will see stabilization ...
According to CryptoQuant analyst Axel, the recent pullback in Bitcoin has been relatively mild, with a decrease of only 8% from local highs. The mid-term support is located at the 111-day moving average ($109,600) and the short-term holder's realized price ($106,800), forming an intensive demand zone. It is expected that this zone will see stabilization attempts and a rebound trend.
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Link: Analyst: Bitcoin Support Located in Intensive Demand Zone Between $109,600 and $106,800 [Copy]
