Bitcoin support at $100K–$107K; fallback at $92K–$93K
CryptoQuant analyst Axel Adler Jr. identifies a key Bitcoin support zone between $100,000 and $107,000. This range combines the realized price of short-term holders—the average cost basis for recent buyers—and the 200-day simple moving average (SMA), a widely followed trend indicator. A firm Bitcoin support at this level would likely boost market confidence and trigger renewed buying, potentially setting the stage for higher BTC prices. If the $100K–$107K zone breaks, Adler Jr. points to a secondary support range at $92,000–$93,000, which could serve as a buying opportunity or stop-loss trigger for traders. Understanding Bitcoin support levels helps crypto traders manage risk, set stop losses, and identify entry points. Monitoring these support barriers offers insights into Bitcoin’s immediate trajectory and informs both short-term strategies and long-term position management.
Bullish
By highlighting a solid Bitcoin support zone at $100K–$107K, the analysis suggests strong buying interest at key technical levels. Historically, BTC recoveries from the 200-day SMA marked bullish continuation phases. A firm hold above the realized price of short-term holders further underpins trader confidence, reducing downside risk. The secondary support at $92K–$93K offers a clear risk management framework. Overall, this framework points to a bullish outlook in the short term, with potential for renewed upward momentum, while long-term trends remain positive if these support levels hold.