Skip to main content
727 Finance
English

Analyst: Bitcoin may need to break through $84,000-$85,000 to determine the next trend

PANews October 11 news, crypto analyst Darkfost stated that when Bitcoin's price reached $83,000, about 53% of capital costs were above that price, meaning the holding cost of current buyers is already higher than that of more than half of market participants.

Darkfost pointed out that the $84,000 to $85,000 range is Bitcoin's largest chip distribution zone, where many investors will react at this key price level, and this zone is an important resistance level that Bitcoin's subsequent trend needs to break through. If the price pulls back, the $79,000 to $77,000 range may become a potential support zone.

Related news

  1. U.S. tech stocks sold off, with Intel down nearly 26% for the week and Alphabet down 12.2%.

  2. In the past 24 hours, total contract liquidations across the network reached $86.9994 million, with long positions dominating the liquidations.

  3. Saylor once again posts Bitcoin Tracker information, may disclose increased holdings data tomorrow.

  4. PlanB: Bitcoin RSI indicator above 50 for the third consecutive month, possibly a signal of a new bull market beginning.

  5. Robot valuations take off first, and capital begins to reassess the math.

    Around embodied intelligence, the capital market has already launched a contest over the future ahead of time. Now, a new divergence is emerging in this contest...