Bitcoin again puts a psychological price of $ 100,000 after a drop in 2.22% in the last 24 hours. In particular, Bitcoin has recently affected the order of orders after 99 200 USD in the last 24 hours, because it still trades with intensive variability.

Meanwhile, the cryptographic analyst Ali Martinez pointed to USD 97 190 as a key level of support, emphasizing that Bitcoin must stay over him to maintain his stubborn trajectory. This insight appears among piercing price swings which tested the mood of investorsBut optimism remains robust because the data indicate that many traders still assume Bitcoin trajectory.

Key Bitcoin support level identified at USD 97,190

How Martinez noticed 97,190 USD is one of the most vital support levels for bitcoins, and sticking above crucial for maintenance Bull market. This insight is supported by data from the analytical platform in the Intotheblock chain. In particular, the data is disclosed by the in/off money around the price metric from INTOTHEBLOCK, which tracks the number of earning addresses or losing money at the current price of cryptographic assets.

In the case of bitcoins, about 73% of addresses that Bitcoin bought in the current trade range have profits. A significant part of them, about 1.45 million addresses, bought Bitcoins from 95 727 to 98,719 USD at an average price of USD 97,190. These addresses jointly maintain about 1.36 million BTC at this level, which makes it one of the most concentrated areas of resources in the current cycle.

Given this concentration of farms, bitcoins He must keep his position Above USD 97,190 for the behavior of stubborn rush and maintaining moods among traders. The break below this level can push many of these owners towards the threshold, increasing The probability of selling panic. This, in turn, can cause further downward pressure and create a cascade effect at the Bitcoins price.

Picture From x: Ali_charts

Binance Futures Data shows a robust stubborn fondness

Despite the concerns about Bitcoin’s ability to maintain support, market moods among traders remain largely bullish. Especially, Open items In Binance, the world’s largest cryptocurrency exchange, shows that the enormous majority of traders still put on a further position.

According to data from Couminggass, 60.94% of traders in Binance, the largest cryptographic exchange, with open positions of Bitcoin term contracts, are betting upstairs.

In addition, by strengthening the stubborn perspective, Martinez also pointed to the buy signal from TD sequential indicator, which appeared on a four -hour Bitcoin chart. This technical tool has contributed to the identification of the reversal of trends throughout this cycle, often preceding noteworthy prices.

If The pattern is real againBitcoin could experience the renovated purchase Pressure in the coming daysPotentially establish a stage for a re -test of USD 106,000.

At the time of writing, Bitcoin trades for USD 99,403, which is a 2.35% decrease in the last 24 hours.

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