CryptoQuant analyst: Bitcoin's strong support range may be between $100,000 and $107,000

CryptoQuant analyst Axel Adler Jr. wrote that Bitcoin's recent strong support range lies between $100,000 and $107,000, representing the intersection of the actual price paid by short-term holders and the 200-day simple moving average. A break below this range could lead to deeper support at $92,000 to $93,000, reflecting the cost base for short-term investors holding the currency for three to six months, potentially serving as a second line of defense.