BTC, 102,886~99,894 Dollar Strong Support…Rising Rebound Possibility

Beincrypto reported, citing Glassnode's IOMAP indicator, that BTC is receiving strong support in the 102,886~99,894 dollar range. IOMAP (In/Out of the Money Around Price) visually shows the distribution of investor volumes that are either profit-taking or loss-making at specific price levels. In this range, a total of 398,590 BTC has been purchased.

The media analyzed, "As BTC temporarily broke through 107,000 dollars this morning, there is a high possibility of reversing the downtrend. If it breaks through 105,000 dollars again, it could approach the previous high."

However, they added that if the profit realization of long-term holders begins in earnest, it cannot be ruled out that it will break through the support level and fall to the 100,000-dollar line. Investors are paying attention to whether the 102,886~99,894 dollar range will hold support, and it is expected to have a significant impact on the future direction of BTC.