Murphy
Murphy|May 05, 2026 07:44
Finally, BTC is about to fill the gap in the chip structure left since November 2024. The nearest chip concentration zone is around $78,000, with a total of 423,000 BTC changing hands here. It's clear that big money has entered the market here, providing support for the price. After this, trading activity starts to decrease in the $79,000-$80,000 range, possibly due to the proximity to a round number and resistance level, with some traders waiting for clearer signals. Therefore, I believe BTC will likely linger here, including the remaining gap at $81,000-$82,000 that hasn't been filled yet. Once chips are fully exchanged, the next step will be to challenge the next chip accumulation zone. One thing to note here is that the $83,000-$84,000 zone isn't significant—the high chip column there is due to Coinbase reorganizing its wallets. Once BTC stabilizes above $82,000, the real resistance for further upward movement will come from the chip concentration zone above $87,000.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads