✉news BusinessCrypto first seen 9 h ago, last 9 h ago, peak #28
Bitcoin tests $84K-$85K holder cluster as leverage unwinds
Original: Bitcoin (BTC) Price Tests $84K–$85K Holder Cluster as Leverage Clears and Profit-Taking Rises
Bitcoin is testing a dense holder cost-basis zone between $84,000 and $85,000, a level analysts watch closely because large groups of investors bought there. Leverage in the market has been clearing out, while profit-taking activity is rising as price approaches the cluster. Traders are watching whether holders sell into the rally or absorb supply, which could decide bitcoin's next major move.
Why now: Bitcoin's price is at a critical technical level where many investors break even, making the next move significant for traders.
Evidence
- Bitcoin (BTC) Price Tests $84K–$85K Holder Cluster as Leverage Clears and Profit-Taking Rises · Crowdfund Insider
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