Bitcoin Finds Support Between $100,000 and $107,000

Analysis reveals a key support zone for Bitcoin between $100,000 and $107,000, identified by on-chain expert Axel Adler Jr. from CryptoQuant. This support is bolstered by institutional adoption and technical metrics like the Short-Term Holder Realized Price (STH Realized Price) intersecting with the 200-day Simple Moving Average (SMA 200D). This stability suggests key institutional players are positioned to cushion against market fluctuations, influencing trading behavior at crucial price points.