BlockBeats news, August 20, CryptoQuant analyst Axel stated on social media that this pullback is relatively mild, with Bitcoin only dropping 8% from its local high. The mid-term support level is at the 111-day moving average ($109,600) and the realized price for short-term holders ($106,800). This position forms a dense demand zone, and it is expected that there will be attempts to stabilize and rebound in this zone.
Analyst: Bitcoin support is in the dense demand zone between $109,600 and $106,800
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BTC
114,852
-1.86%
