Bitcoin Holds Steady Above $110,000 Amid Key Support Levels
- The Bitcoin price remained above $110,000 over the weekend.
- Key support levels identified are $108,250, $104,250, and $97,050.
- Approximately 432,000 BTC were bought at the $108,250 level.
- 401,000 BTC were acquired around the $104,250 region.
- 404,000 BTC were purchased near the $97,054 area.
- The next major resistance level is around $116,963 with significant investor activity.
On-chain data reveals that Bitcoin’s current price stability is supported by substantial buying activity at key levels below its spot value. This activity provides a cushion for potential price rebounds.
As of now, Bitcoin is priced around $110,628 with no significant change in the last day but shows a slight increase over the past week. (Source)
