Bitcoin is facing significant support at the $100,000 level.
According to PANews
Bitcoin is currently retesting the $100,000 level, where historically strong demand has been present below this price.
According to Sentora
Approximately 1.6 million addresses have purchased 1.14 million Bitcoins at an average price of $97,000.
This price has emerged as a significant support zone during the current retest.
This information suggests that investors are interested in buying Bitcoin near this price, which is key to market stability.
A retest at this level suggests that the Bitcoin price is attempting to hold this support, which will allow it to determine its next trends.
Such support in the market is a positive sign for Bitcoin, indicating the stability and potential growth of its price in the future.
This is an analysis, not financial advice from the author of the post, if you want to invest in the crypto market, first do thorough research, then buy.