Bitcoin Stabilizes Above Key Support, Investors Brace for Next Move

Bitcoin’s price remains steady above the $96,700 level, a critical support zone that is significant for short-term investors. According to on-chain analysis firm CryptoQuant, this price range aligns with the average cost of recent Bitcoin purchases and has historically acted as a strong psychological and technical barrier. This stability offers a chance for fresh capital influx into the market while remaining cautious about potential downturns.