Viewpoint: If Bitcoin Can Hold the 365-Day Moving Average of $99,900, It May Find Support

BlockBeats News, October 17th, Glassnode posted that Bitcoin is currently in a key support range, between the 200-day moving average (107,400 USD) below and the 365-day moving average (99,900 USD) above, with the additional resistance of the 111-day moving average (114,700 USD) above that.

If the 365-day moving average can be held, the trend may stabilize; however, if this level is broken, deeper pullback risks may be faced.