Sentora Analysis Suggests Possible Bitcoin Price Drop with Support Near $105,000 Level

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.