- Bitcoin faces resistance at $98,081.72, where 320,040 BTC were accumulated, creating a major supply zone.
- Strong accumulation at $59,882.62 signals investor confidence, with 220,150 BTC reinforcing key support levels.
- Ichimoku analysis shows Bitcoin below the cloud, but support at Kijun-sen suggests a potential bullish shift.
Bitcoin’s price action has revealed critical accumulation zones, shaping the market’s next potential move. According to the latest cost basis distribution, the strongest support sits at $59,882.62. At this level, 220,150 BTC have been accumulated, indicating strong buying interest. Meanwhile, resistance is observed at $98,081.72, where 320,040 BTC were acquired. This creates a crucial supply zone, making it a key level to monitor.
Strong Accumulation and Key Price Ranges
Since October 2024, Bitcoin has also continued on the upsurge. Prior to when it was hit with wild volatility in February 2025, the price surged well past $95,000. The $60,000–$70,000 zone continues to see intense accumulation activity, and this confirms the high demand. Supply clusters above $95,000 are also seen, and these are areas of distribution zones.
Furthermore, Bitcoin has traded in a range between $85,000 and $100,000 and remained firm in recent months. A dip below $85,000 triggered increased accumulation, showing investor confidence in lower price zones. Consequently, liquidity remains concentrated near key accumulation levels, influencing price action significantly.
Ichimoku Analysis and Resistance Levels
The Ichimoku indicator shows that Bitcoin remains below the cloud, showing a bearish trend. But the price remains above the Kijun-sen, which is potential support. Several candlesticks display long wicks to the downside, indicating strong buying pressure in lower areas. This means buyers are seriously trying to defend key price levels.
Moreover, the Chikou Span is below the price, supporting the existing bearish trend. However, if Bitcoin successfully surpasses the Tenkan-sen and Kijun-sen, momentum could shift bullish. The cloud ahead remains thin, suggesting weaker resistance, yet it continues to limit upward movement.
Market Outlook and Volatility Expectations
Bitcoin’s next move hinges on breaking or rejecting key resistance. If price holds above the current accumulation zone, bullish continuation could emerge. However, failure to breach resistance could trigger a retest of lower levels. Moreover, the ongoing Crypto Summit may influence sentiment and liquidity shifts.
