Analyst flags $118K as crucial Bitcoin support

Bitcoin (BTC) faces a key support level at $118,000, according to a recent CryptoQuant post by analyst Crazzyblockk. The level represents the average entry price for investors who bought in the past month, a group that holds roughly 1.69 million BTC. A drop below this level, he warned, could put the market at risk of further declines and renewed correction.

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