After an impressive start to the third quarter, the price of Bitcoin has struggled to replicate its bullish form from July in the last two months. With less than two weeks to go, the flagship cryptocurrency has shown signs of mounting any real, sustained run to new highs.

However, the market seems to be drawing some confidence from the fast-approaching “Uptober” season, with many expecting the Bitcoin price to witness some upward momentum in the coming weeks. The latest on-chain data has identified a critical level to watch if the market leader is to retain this upward bias.

Why $114,500 Is A Critical Support Area For Bitcoin Price

In a September 20th post on the X platform, crypto analyst Axel Adler Jr. shared an interesting on-chain perspective on the current setup of the Bitcoin

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