According to an Odaily report citing analyst Ali, Bitcoin has built a major support zone between $83,300 and $84,600. URPD data shows that 1.59 million BTC were transacted in that range, which Ali described as a defensible level for buyers. The analyst also said Bitcoin whales have accumulated 14,335 BTC since Oct. 1, with the added holdings valued at about $1.22 billion. In Ali’s view, if BTC holds that support area and then breaks above $86,700, there may be little significant selling pressure until around $105,000. The report attributes the market view to alicharts and presents it as a conditional scenario rather than a confirmed price move.
According to Odaily, analyst Ali said Bitcoin has established a major support zone between $83,300 and $84,600.
URPD data shows that 1.59 million BTC were transacted within that range, giving buyers what Ali described as a defensible level.
Ali also said Bitcoin whales have added 14,335 BTC since Oct. 1, worth about $1.22 billion.
alicharts said that if Bitcoin holds this support and breaks above $86,700, there would be no major selling pressure until roughly $105,000.
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