Bitcoin Price Support

Definition ∞ Bitcoin price support refers to a specific price level where Bitcoin’s downward movement tends to halt, often due to concentrated buying interest. This level acts as a floor, preventing further price decreases, at least temporarily. It represents a point where demand is sufficiently strong to absorb selling pressure.
Context ∞ Bitcoin price support levels are frequently cited in crypto news to explain market stability or potential turning points. Analysts refer to these levels when discussing market resilience or predicting future price trajectories, offering vital information for investors assessing market health.