Blockchain Firm Identifies Key Support Levels for Bitcoin Price Near $100K
The Bitcoin price has struggled to maintain momentum since its all-time high in May, recently dropping to around $101,000 on June 6. Although there was a slight recovery over the weekend, analysts are monitoring critical support levels as BTC approaches the $100,000 mark.
Key Support Levels for Bitcoin
- Sentora's analysis indicates significant support within the $95,000 to $99,000 range due to heavy investor accumulation.
- This region may act as a cushion, with investors likely to buy more BTC if prices fall into this zone.
- If this support level holds, it could lead to an extended rally; otherwise, increased volatility is expected.
As of now, Bitcoin is priced at approximately $104,400, reflecting a nearly 3% increase in the last 24 hours.
