Bitcoin Consolidation Continues: 2 Key Support Levels To Watch

Bitcoin (BTC) prices showed a sideways movement in the past day producing no significant changes. Following the recent rejection at the $110,000 price range, the maiden cryptocurrency failed to break out of a descending consolidatory channel; therefore, fears on the current status of the bull market remain intact. Amidst the current mood of uncertainty, prominent market analyst Ali Martinez has identified two important support levels in the advent of a price downturn. On-Chain Data Reveals Strong Bitcoin Support At $106,500 And $98,500 In an X post on July 5, Ali Martinez shares a potentially impactful on-chain insight on the Bitcoin...