CryptoQuant Analyst: Strong Support Zone for Bitcoin Lies Between $100,000 and $107,000

Foresight News reports that CryptoQuant analyst Axel Adler Jr tweeted, "Bitcoin's recent strong support range is between $100,000 and $107,000, which is where the STH realized price intersects with the 200-day SMA. Below this, there is additional support around $92,000 to $93,000, which represents a deeper support level reflecting the cost basis of short-term investors holding for 3 to 6 months."