[Opinion: If Bitcoin can hold the 365-day moving average at $99,900, the trend may stabilize] BlockBeats reported on October 17 that Glassnode stated Bitcoin is currently situated between critical support levels, below the 200-day moving average ($107,400) and above the 365-day moving average ($99,900), with resistance at the 111-day moving average ($114,700) above. If it can hold the 365-day moving average, the trend may stabilize; if it breaks below this level, it could face the risk of a deeper correction.