- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Analyst: Bitcoin Support Located in $109,600 to $106,800 High Demand Zone
By: theblockbeats.news|2025/08/20 07:12:07
BlockBeats News, August 20th, CryptoQuant analyst Axel posted on social media, stating that this pullback is relatively mild, with Bitcoin only dropping 8% from its local high. The mid-term support is located at the 111-day moving average ($109,600) and the short-term holder realized price ($106,800). This area forms a dense demand zone, and it is expected that this zone will see stabilization attempts and a rebound.
Analysis: The U.S. Treasury is set to withdraw $500-600 billion in cash from the market over the next two months, potentially leading to increased market illiquidity.
Matrixport: Current Crypto Concept Stock Institutional Participation is Insufficient, Stock Price May Further Consolidate in the Short Term
You may also like
Share
Gainers
Latest Crypto News
05:45
Grvt GLP Strategy Reopened, Fund Cap Increased to $7.5 Million
05:45
An whale has deposited an additional 1.5 million USDC to avoid the liquidation of a 10x leveraged position in ZEC. The unrealized loss on the position has now reached 4.28 million USD.
05:15
A whale has transferred 15,396 AAVE to FalconX, incurring a $1.54 million loss.
05:15
Most Popular Meme Coins on the Monad Chain Experience 50% Value Plunge, While Moncock Surges Against the Trend by 350%
04:45
Wall Street Analyst Warning: This Year's "Santa Claus Rally" May Be Absent as Investors Buy More Downside Protection
Read more
Community
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App