Bitcoin Tests $85,000 Resistance as Whale Accumulation Reaches Six-Week High
AI Market Summary
Bitcoin is consolidating near $83.1K while facing a key $85K resistance level. On-chain data shows whale cohorts (10–10,000 BTC) accumulated 41,025 BTC over the past 10 days, lifting total holdings to 13.64M BTC (~67.93% of supply), a six-week high. This concentration can tighten available liquidity and supports upside bias, but $82K remains the critical near-term support for maintaining the bullish structure.
Impact level
● Medium
Affected assets
BTC/USDT-0.03%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin is trading around $83,100, with $85,000 emerging as a key overhead resistance level. On-chain data show that whale wallets holding between 10 and 10,000 BTC accumulated a net 41,025 BTC over the past 10 days, lifting total holdings to 13.64 million BTC. That represents 67.93% of circulating supply, marking a six-week high. Analysts are watching $82,000 as a crucial support zone to keep the current bullish structure intact. A decisive move above $85,000 could reopen the path toward the $100,000 target.
