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Major 73,000 BTC Support Saves Bitcoin Price at $117,000
Bitcoin has been stuck around the $117,000 mark for some time now, but recent data suggests that a significant amount of Bitcoin buyers have been accumulating in this range. Over 73,000 BTC is now held by investors who bought between $117,259 and $117,468, which has become one of the most defended zones on the chart.
This support level goes beyond just drawing a trendline; it’s real money that decided this level made sense – and so far, the market has respected it. Any dip towards $116,000 in recent sessions was met with enough demand to halt the price from falling further, indicating positioning rather than speculation.
Source: u.today
