Analysis: 53% of the chips are concentrated above 83,000 USD for Bitcoin, with 84,000-85,000 USD being the key breakthrough point
Cryptocurrency analyst Darkfost stated that currently, above the price level of approximately $83,000, 53% of the invested capital is concentrated. This means that if Bitcoin is purchased at this level, the holding cost will be better than that of more than half of the investors.The range of $84,000 to $85,000 is the largest chip distribution cluster, and many investors react at this critical level, so this range is clearly the core resistance that Bitcoin must break through. Looking below, the range of $79,000 to $77,000 may become a support level. If the price cannot effectively break through $84,000-$85,000, the market may first retest this support area; however, once it stabilizes above the densely concentrated chip area, it means that the cost pressure for most holders has been digested, and the subsequent upward resistance will be significantly reduced.