Bitcoin is approaching a key resistance zone around $83,307 to $84,569, where on-chain data shows a large concentration of previously acquired coins, according to analyst alicharts cited by BlockBeats on Aug. 27. The analyst said BTC’s current structure resembles its 2022–2023 bottoming phase and noted that the asset has already broken above a descending resistance trendline while nearing a May 2026 high of about $83,000. That setup, in the analyst’s view, could trigger a pullback that creates a fresh buying opportunity, with $100,000 named as the upside target. URPD, or UTXO Realized Price Distribution, indicates that nearly 975,000 BTC were bought in the $83,307-$84,569 range, making it a notable resistance area. The report also said traders are sitting on a 25% profit margin, a factor that could increase the odds of profit-taking and a short-term correction. If Bitcoin does pull back, the next support zones highlighted were $76,996 to $78,258, associated with 843,000 BTC in trading volume, and $63,111, where 925,000 BTC were accumulated.
Bitcoin is trading near a major resistance band at $83,307 to $84,569, according to analyst alicharts, as cited by BlockBeats on Aug. 27. The analyst said BTC’s current price structure looks similar to the bottoming phase seen in 2022 and 2023. Bitcoin has also broken above a descending resistance trendline and is now close to a May 2026 high of about $83,000.
In alicharts’ view, that area could trigger a pullback and create a buying opportunity, with a price target of $100,000.
On-chain data points to a dense supply zone
URPD, short for UTXO Realized Price Distribution, shows that nearly 975,000 BTC were bought in the $83,307-$84,569 range. That makes the zone a significant resistance area. The report added that traders are currently holding a 25% profit margin, which could make profit-taking and a short-term correction more likely.
Support levels identified below current prices
If Bitcoin does retreat, the analyst highlighted a support range between $76,996 and $78,258, where trading volume is tied to 843,000 BTC. Another support level sits at $63,111, linked to 925,000 BTC. A move back into those areas could offer the next major buying opportunity, according to the analysis.
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