Watch Out For These Levels If Bitcoin Price Returns To $100K: Blockchain Firm
Summary
Bitcoin price has struggled to maintain momentum in June after reaching an all-time high in May, recently falling to around $101,000 on June 6. A blockchain analytics firm, Sentora, identified key support levels for Bitcoin, particularly in the $95,000 to $99,000 range, where significant investor accumulation has occurred. This level is expected to act as a cushion, with investors likely to buy more if prices dip into this zone. If this support holds, a potential rally could follow; however, failure to maintain this level may lead to increased volatility. As of now, Bitcoin is priced just above $104,400, marking a nearly 3% increase in the last 24 hours.
