[Opinion: Bitcoin's short-term support is $113,500; if breached, it will retrace to the $110,000 mark] BlockBeats news, October 28, crypto analyst @TedPillows stated that Bitcoin's short-term support level is $113,500. 'As long as Bitcoin holds this level, there is a chance for it to move higher. If BTC falls below this level, it is expected to retrace to the $110,000 level.'