Analyst: Bitcoin support is in the intensive demand range of $109600 to $106800 BlockBeats News: On August 20th, CryptoQuant analyst Axel posted on social media that the correction was relatively mild, with Bitcoin only falling 8% from local highs. The medium-term support level is at the 111 day moving average ($109600) and the short-term holder realized price ($106800), forming a dense demand range. It is expected that there will be attempts to stabilize and rebound in this range.