Sentora Analysis Suggests Possible Bitcoin Price Drop with Support Near $105,000 Level
Main Idea
Bitcoin may face a price drop with 7.9% of its circulating supply held at a loss, but strong support near $105,000 could stabilize the market.
Key Points
1. 7.9% of Bitcoin's circulating supply is held at a loss, indicating potential downward pressure.
2. Approximately 900,000 BTC was acquired around $105,000, creating a strong historical support zone.
3. Investors can use strategies like Dollar-Cost Averaging (DCA) and stop-loss orders to manage volatility.
4. Bitcoin has historically recovered from significant price corrections, often reaching new all-time highs.
5. Long-term factors like halving events and adoption trends support Bitcoin's growth despite short-term fluctuations.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin is showing
Latest News
- Trump Promises Full Disclosure of Epstein Case Documents Amid Controversy2025-08-02 02:28:54
- New Ethereum Whale Accumulates Nearly $300 Million in ETH Amid Market Volatility and Uncertain Motives2025-08-02 02:28:35
- BankrCoin (BNKR) Faces Potential Volatility After Coinbase Listing Amid Mixed Holder Data2025-08-02 02:15:50
- DeFi Education Fund Urges Senate to Consider Tech-Neutral Approach in Ethereum Regulation Draft2025-08-02 02:04:33
- Arthur Hayes Sells 2,373 ETH ($8.32M) Alongside Millions in ENA and PEPE Tokens2025-08-02 02:03:20