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#Crypto Market Pullback# Crypto analyst Axel Adler commented on the recent drop in Bitcoin prices.
According to Adler, the market's pullback is still at a limited level and important support levels are being maintained.
Adler stated that Bitcoin has only dropped by 8% from its local peak, mentioning that the medium-term supports are at the 111-day moving average (109.6 k) and the realized price of short-term investors is at (106.8 k). Expressing that these points create a dense demand zone between 107–110 k, Adler argued that this band is a critical area where the price could gain stability and
View OriginalAccording to Adler, the market's pullback is still at a limited level and important support levels are being maintained.
Adler stated that Bitcoin has only dropped by 8% from its local peak, mentioning that the medium-term supports are at the 111-day moving average (109.6 k) and the realized price of short-term investors is at (106.8 k). Expressing that these points create a dense demand zone between 107–110 k, Adler argued that this band is a critical area where the price could gain stability and