Analyst Says Bitcoin Faces Heavy Resistance Near $84,000, With Support at $77,000 and $63,111
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.