#Bitcoin support at $96,475#

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Overview

Currently, the key support level for Bitcoin lies between $96,475 and $99,574. According to analyst Ali Martinez's data, 1.87 million addresses have purchased 1.79 million Bitcoins, indicating strong buying power in this price range and potentially acting as a resistance level for a decline in Bitcoin's price.

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Analysis

Bitcoin's key support level currently sits between $96,475 and $99,574, according to data analysis by analyst Ali Martinez. He found that 1.87 million addresses purchased 1.79 million bitcoins with an average purchase price in this range. This implies that if bitcoin's price falls below $96,475, it could trigger significant selling pressure from these holders, leading to further price decline. However, some argue that this support level might be temporary and bitcoin could eventually break below this range.

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Bitcoin's

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key

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support

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levels

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are

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between

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$96,475

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and

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$99,574

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1.87

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million

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addresses

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purchased

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1.79

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million

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Bitcoin,

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providing

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strong

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support

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for

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this

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level

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