COINOTAG News on August 26 cited CryptoQuant analyst Axel Adler Jr., noting that Bitcoin currently finds a primary support band in the $100,000 to $107,000 range where the Short-Term Holder Realized Price (STH Realized Price) converges with the 200-day Simple Moving Average (SMA 200D). This technical confluence represents a material support level that institutional and retail participants monitor for trend confirmation and liquidity assessment.
Adler also highlights a secondary defensive zone near $92,000 to $93,000, which aligns with the cost basis of short-term investors holding for three to six months; if the primary band is breached, that area becomes the next line of defense. Market participants can incorporate this assessment into risk management, position sizing and on-chain analysis without overstating potential outcomes.
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Source: https://en.coinotag.com/breakingnews/bitcoin-support-zone-identified-at-100k-107k-as-sth-realized-price-aligns-with-200-day-sma-92k-93k-secondary-defense/