#Bitcoin support level at $96,475#

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Overview

Bitcoin is currently facing a critical support level, analyst Ali Martinez points out. The zone between $96,475 and $99,574 is key, as 1.87 million addresses bought 1.79 million Bitcoin in that price range. This means that if Bitcoin falls below this support, it could trigger further selling pressure. However, the large amount of buying power could also support a Bitcoin price rebound.

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Analysis

According to analyst Ali Martinez, Bitcoin's current key support level lies between $96,475 and $99,574. The data shows that 1.87 million addresses have purchased 1.79 million Bitcoins, indicating significant buying pressure within this price range, providing strong support for Bitcoin. This means that if Bitcoin's price falls below $96,475, it could trigger further declines. However, if it manages to hold this support level, there is potential for a rebound.

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