BTC Price Analysis: Strong Support at $100k-$103k Range

19 May, 2025, 07:29 AM

## BTC Price Holds Strong Support Around $100k According to a recent analysis by BeInCrypto, Bitcoin (BTC) is exhibiting robust support in the $102,886 to $99,894 range. This observation is based on Glassnode's IOMAP indicator, which visualizes investor positions around specific price points. The IOMAP data reveals that a significant 398,590 BTC were purchased within this zone, suggesting strong buying interest and potential resistance to further price declines. ## Potential Scenarios for Bitcoin Price The report suggests that a break above $105,000 could propel BTC towards its previous high. However, profit-taking by long-term holders poses a risk. Should this selling pressure materialize, BTC could breach the current support level and potentially fall towards the $100,000 mark. Traders should monitor the order books closely in this key price range. ```