The provided image shows information about the current positions of the holders.
#BTC in the price range where most are "in the money". Based on the current price of $85,660.63 and the ranges given, we can identify key support and resistance levels where the largest number of addresses and volumes are concentrated.
Support:
🟢 Support Level: $72,884.62 - $75,519.00Average Price: $73,178.28BTC Volume: 323.77k BTC (approximately 155k addresses)This level represents strong support as a large volume of purchases is concentrated here. A rebound from this level is possible if the price declines due to the interest of market participants in defensive purchases.
Resistance:
🔴 Resistance Level: $83,246.52 - $85,793.09Average Price: $84,942.41BTC Volume: 282.81k BTC (around 312k addresses)This range is a resistance as the current price is close to the upper limit of this level. Further attempts to rise may cause the price to face profit taking and sell-off, which will create downward pressure.
Conclusions:
Current situation: The price #BTC #BTC is currently near the resistance level of $85,793.09, where significant volumes are concentrated.Movement outlook: If the price can break through this level, it may open the way to new heights. However, if the resistance is strong, a pullback to the support level of $72,884.62 - $75,519.00 is possible.Recommendations for traders:📈 For bulls: A confirmed breakout above $85,793.09 may serve as a signal to continue longs.📉 For bears: With a pullback from the current resistance, a short with a target in the support zone of $72,884.62 - $75,519.00 is possible.
Result:
The current resistance level may be decisive for the short-term dynamics #BTC . A successful break of the resistance will increase the chances of further growth, while a pullback will lead to a test of the support zone.
