Analyst: The important support level for Bitcoin is in the range of $100,000 to $107,000

ChainCatcher news, on August 26, CryptoQuant analyst Axel Adler Jr stated that the recent strong support zone is located in the range of $100,000 to $107,000, where the short-term holders' realized price (STH Realized Price) intersects with the 200-day moving average (SMA 200D).

Below this, the support level is around $92,000 to $93,000, which is a deeper support level reflecting the cost basis of short-term investors holding for 3 to 6 months.

If the market loses the $100,000 to $107,000 range, this will become a key second line of defense.