Like Bitcoin’s [BTC] Recent sales offs are accelerating, analysts focus on three critical price support levels that can shape Cryptocurrency’s almost term course.
The first key level is $ 112,000 identified by Swissblock Technologies. “As long as $ 112,000 applies and the risk remains stable, BTC can rebuild strength,” noted Swissblock on X.
The company’s proprietary Bitcoin risk index aggregates valuation and cost-base data to measure market volatility-rising readings indicates risk aversion and potential price fluctuations, while low or stable levels suggest bullish atmosphere.
On Monday, the risk index hovered near zero and signaled optimism despite BTC’s fall of 1.7% to $ 112,600 in the last 24 hours, with prices briefly dipping as low as $ 111,717, according to Coindesk data.
Swissblock also highlighted $ 110,000 as a “lifeline -support.” Historic charts reveal that in December-January, buyers struggled to keep BTC above this level and mark it as a significant zone to monitor.
The third decisive support is the on-chain Metric, known as “short-term holding cost base”, currently to $ 111,400.
The Analytics company Glassnode defines this as the average purchase price of wallets that have acquired Bitcoin within the last 155 days. This indicator is widely considered a battlefield between bulls and bears – prices over it generally reflects bullish conviction. In contrast, sustained trade could signal an increased risk of sales or a shift against a bearish market structure.
“Sustained trade below this level could signal a shift against a mid-to-long-term bearish market structure,” Glassnode explained at X.
Together, these three levels form – $ 110,000, $ 111,400 and $ 112,000 – a delicate support zone that dealers look closely as Bitcoin navigates in this unstable phase.
