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$BTC: Crypto Analyst Points to Bitcoin’s ‘Most Important Support Level’



Popular cryptocurrency analyst Ali Martinex has said that Bitcoin has its “most important support level” between $26,360 and $27,160. The range is notable, as it represents a significant volume for the cryptocurrency.

As per Martinez’s observations, over 2.36 million unique Bitcoin addresses bought more than 1 million Bitcoin within this price range. This data implies that a substantial number of Bitcoin holders purchased their Bitcoin within this price range, and therefore might be incentivized to prevent the price from falling below it.

Binance responded to the SEC revealing it had engaged in extensive good-faith discussions to reach a negotiated settlement to resolve the SEC’s investigations. However, it says that the SEC abandoned this process and acted unilaterally, a decision that Binance finds disheartening.

Binance firmly stated that any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong. It also mentions that all user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and the company will vigorously defend against any allegations to the contrary.

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