Bitcoin turned lower after breaking above $81,000 over the weekend, with debate intensifying around whether selling pressure near $82,000 is enough to derail the current move. BlockBeats compiled a range of trader views after the pullback, which came alongside what it described as negative headlines including remarks from Walsh.
Resistance sits above, support levels below
Analyst alicharts said on Aug. 27 that Bitcoin’s UTXO Realized Price Distribution, or URPD, shows major resistance between $83,307 and $84,569. In his view, that zone could invite profit-taking and a short-term correction.
He identified support at $76,996 to $78,258, where 843,000 BTC were transacted, and another level at $63,111, backed by 925,000 BTC. A retreat into those areas, he said, could present the next major buying opportunity.
Killa sees a pullback, but not a deep one
Trader Killa had been warning about short-term downside since Aug. 19. At the same time, by comparing the current setup with Bitcoin’s 2022 bottom formation, he argued that any retracement after this push higher may stay relatively shallow, with $70,000 to $73,000 forming a possible bottom range.
On the previous day, Killa reiterated that Bitcoin has no chance of breaking the $100,000 mark this year. He said both the technical picture and holder positioning still require a period of consolidation and sideways trading, and he expects Bitcoin to reach $100,000 in the second quarter of next year.
Jiang Zhuoer cuts ETH spot exposure
Jiang Zhuoer, founder of mining pool B.TOP, expressed a similar view on Friday. He said both BTC and ETH had fallen below their ascending channels, and that the weekend tends to be a weaker window for bulls because ETF buying is absent. That, he wrote, could lead to another leg down.
Jiang also disclosed that he sold 50% of his ETH spot position at an average price of $2,430.
Others say the medium-term trend is intact
Not everyone agrees that resistance near $82,000 is a serious threat. The trader known as 「先定 10 个大目标」 said the selling pressure around that level does not undermine Bitcoin’s medium-term trajectory.
In a post on Aug. 28, the trader wrote that two-thirds of the position had been bought back in the "$78,000-$79,800 range" and added: "Before $100,000, it will be hard to see a meaningful pullback. $100,000 is coming soon."
Bitcoin steadies after falling to $77,500
As of publication, Bitcoin was moving sideways after dropping to $77,500. Taken together, the traders cited by BlockBeats still share a broadly bullish medium- to long-term view on Bitcoin, though some of them said a further dip over the weekend or next week could create a buying opportunity.