Analyst: The main support level for Bitcoin is in the range of $106,000 to $107,000. If it falls below this, it will test $100,000

ChainCatcher news, CryptoQuant analyst Axel posted on social media, "The current main support zone for Bitcoin is concentrated in the $106,000 - $107,000 range (STH realized price for 1 month to 3 months - 200-day simple moving average). If this range is lost, BTC will test the $100,000 support, which is where the annual moving average (365-day simple moving average) is located. As long as this base holds, the market structure remains bullish."