Watch Out For These Levels If Bitcoin Price Returns To $100K: Blockchain Firm 📈
The Bitcoin price, which saw a recent decline to around $101,000, struggled to break out of its consolidation phase in June. A blockchain firm has pinpointed critical support levels should it revisit $100K.
Sentora, a crypto analytics firm, shared insights on Bitcoin's price behavior, focusing on on-chain data that highlights significant support within the $95,000-$99,000 range. This region is deemed crucial due to heavy investor accumulation, suggesting strong defense if the price falls.
Should bulls hold this range, an extended rally is possible, though failure to maintain it could lead to heightened volatility.
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