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Analyst: Bitcoin Support Located in $109,600 to $106,800 High Demand Zone
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.
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