According to Foresight News, CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has formed a resistance level at $112,000, which is a good sign. However, the range between $112,000 and $105,000 remains a weak link, serving as a buffer to avoid a deeper pullback. The STH 1W–1M realized price is $117,000, and the entire group is currently in a loss; if negative factors arise, they will feel panic first. The STH realized price is $105,000, and during strong negative news, this is a strong support area.
Bitcoin forms resistance at $112,000, weak range provides buffer
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BTC
115,139.02
-2.68%
