According to on-chain data, the support zone for Bitcoin is between $96,475 and $99,574. This range is significant because 1.87 million addresses collectively acquired 1.79 million BTC within this price bracket. The high level of activity at this range indicates its psychological and technical importance in determining Bitcoin's short-term and long-term trajectory. The current price of Bitcoin is above this support zone, reinforcing its role as a safety net against downward market pressure. If Bitcoin continues to trade above this range, it may attract new buyers and solidify this level as a foundation for future price gains. However, breaking below this support level could trigger significant selling pressure and lead to further declines. The range represents a critical accumulation zone and highlights Bitcoin's resilience. Traders and investors will closely monitor this zone as Bitcoin's price dynamics evolve.



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