CryptoQuant: If Bitcoin's closing price this week breaks through the range of 109,000 to 112,000, it is expected to strengthen the upward trend

ChainCatcher news, according to CryptoQuant analyst burakkesmeci's analysis, short-term Bitcoin holders (holding period less than 155 days) have a significant impact on market sentiment, and their confidence often attracts new funds into the market.

Currently, Bitcoin is at a critical turning point in the range of 109K to 112K. If the closing price can break through this area this week, it is expected to strengthen the upward trend; conversely, if it falls below this range, it may accelerate the correction. In the short term, 117.3K is the resistance level, 112K is the decision point, and 92.4K is the support level. Additionally, the realized price for short-term holders is 108.9K.