CryptoQuant believes that the important support cluster for BTC is in the range of $94,000-$97,000.

Analyst #CryptoQuant Axel Adler Jr. highlighted it as an important technical level at the moment.

Support in this area is formed based on several metrics: realized price, MA200, as well as short-term entry levels. Holders who entered the asset in recent months have an average purchase price in this range.

The stability of the cluster will depend on the market's reaction and volumes at these levels. A breakout below may increase selling pressure.