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Major 73,000 BTC Support Saves Bitcoin Price at $117,000
According to recent reports, the price of Bitcoin has stabilized around $118,800 after encountering strong support from over 73,000 Bitcoins held in wallets that were bought between $117,259 and $117,468. This significant level of support is more than just a technical phenomenon; it represents real money that has already made a decision.
The chart may be drawing trend lines to emphasize this zone’s importance, but the market has respected it so far. The absence of any urgency to leave this range suggests positioning rather than speculation.
Source: u.today
