Analyst: Bitcoin's main support level is in the $106,000 to $107,000 range, and if broken, it will test $100,000.

BlockBeats News, October 17, CryptoQuant analyst Axel posted on social media, stating, “Currently, Bitcoin’s major support zone is concentrated in the $10.6K–$10.7K range (STH 1M to 3M price realized – 200-day Simple Moving Average). If this range is breached, BTC will test the $10K support, which is where the annual moving average (365-day Simple Moving Average) is located. As long as this base holds, the market structure remains bullish.”