Analyst: BTC has key support between $100K and $107K

Bitcoin has established a strong support zone between $100,000 and $107,000, according to an analysis by CryptoQuant contributor Axel Adler Jr. He noted that this range marks the intersection of the realized price for short-term holders and the 200-day simple moving average (SMA). Adler Jr. added that if this support level fails, the next key support zone is between $92,000 and $93,000.