Bitcoin (BTC) is nearing a crucial support level at around $82,314, according to crypto researcher Axel Adler Jr. The 200-day simple moving average has historically acted as a long-term support signal for Bitcoin, and there has been strong buying interest whenever it approached this level. Additionally, the short-term holder 3M-6M realized price of $79,290 suggests that recent Bitcoin investors would experience losses if BTC drops below this threshold. On the other hand, Bitcoin also faces resistance levels at $97,478 and $99,395, which could indicate a continuation of bullish momentum if BTC maintains its price above $91,000. Overall, Bitcoin's current trajectory suggests the potential for significant developments in the coming days.



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