On August 30, COINOTAG News cited CryptoQuant’s Head of Research, Julio Moreno, who noted on social media that, from a short-term valuation perspective, Bitcoin must quickly reclaim the $11,200 level; otherwise he identifies the next support area around $10,000.
Market participants should regard this as an observational threshold rather than a definitive forecast: Moreno’s assessment highlights elevated downside testing risk if $11,200 is not reasserted, so traders are advised to reassess exposure, implement stop-losses, and corroborate decisions with on-chain metrics and liquidity indicators before adjusting allocations.