Bitcoin’s drop to 113,000 USD is viewed as an important support area. The range between 111,000 USD and 113,000 USD reflects strong accumulation by new investors, potentially marking the last meaningful buying opportunity before new price peaks.
Recent data shows that 5.5% of Bitcoin’s supply has changed hands in the 110,000 USD to 113,000 USD range. If Bitcoin can maintain levels above 111,000 USD, technical indicators point to a bullish trend, favoring further price growth.
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