Bitcoin Demand Waning: Analyst Predicts Market Turning Point at $100,000

Despite only dipping 8% from its peak, Bitcoin’s recent drop has experts like analyst David Adler concerned about demand cooling. He highlights two key support levels – the 111-day moving average near $109,600 and realized price for short-term holders at $106,800. These levels form a high-demand zone between $107,000 and $110,000, offering potential for price stabilization and renewed buying.