The post Unexpected Bitcoin Price Support Spotted, Price At Make or Break Level? appeared on BitcoinEthereumNews.com.

Key Insights: Bitcoin defends $96,700 support as short-term holder entry price holds firm and signals possible buyer confidence. 3–5 year holders reduce supply from 15.7% to 11.9%, creating mild selling pressure despite market stability. Next move hinges on $104,600 break with potential for a rally to $120,000 in the near-term. Bitcoin’s price is steady at around the critical level of $105,000. The renewed bullish development is giving traders and analysts new hope as activity from long-term holders continues to shape market sentiment. The current situation indicates a potential turning point that could influence price action in the days and weeks ahead. Strong Bitcoin Price Support Holds Firm Around $96,700 Market data shows that Bitcoin price has found an unexpected but essential foothold around the $96,700 level. This price point is not random. According to data shared by CryptoQuant, it represents the average amount paid by short-term investors, who are defined as those who bought within the past 155 days. Bitcoin Support Outlook | Source: CryptoQuant on X Historically, when Bitcoin price stays above this mark, it signals strength in the market, as it shows newer buyers are not underwater and may hold on longer. This support has held through recent volatility, giving many the impression that buyers are stepping in again. It also connects with previous trends seen during past bull runs, where similar average entry prices became key levels to watch. A break below this area could trigger selling from panic-driven holders. However, the price has stayed firm so far, suggesting that the market is not ready to give up just yet. TradingView analysis adds another layer to this view. The platform shows Bitcoin trying to push through resistance near $105,600 to $108,000. If the current support continues to hold, there is a good chance for the price to…

---

Filed under: News - @ June 4, 2025 6:22 am