BREAKING
21d 8h ago

Bitcoin Price Structure Indicates Bullish Tilt as High-Volume Chip at $87,000 Builds Strong Support

BTC

BTC/USDT

$95,691.69
-0.89%
24h Volume

$23,430,404,439.32

24h H/L

$97,193.34 / $95,134.48

Change: $2,058.86 (2.16%)

Long/Short
57.4%
Long: 57.4%Short: 42.6%
Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$95,691.70

0.09%

Volume (24h): -

Resistance Levels

Resistance 3$107,274.70
Resistance 2$102,181.47
Resistance 1$97,033.03
Price$95,691.70
Support 1$95,503.07
Support 2$92,927.91
Support 3$91,475.27
Pivot (PP):$95,696.89
Trend:Uptrend
RSI (14):64.3

COINOTAG News data analyst Murphy highlights a clear chip concentration in the Bitcoin price distribution at two levels: $87,000 and $84,500, outpacing nearby prices. Excluding November 22 wallet consolidation, about 1.12 million BTC sit in the $83,300-$84,500 band, with turnover effectively halved. Thus, $87,000 stands as the highest-volume bar and strongest support in the current chip structure.

Historically, when a large cluster of chips aggregates in a narrow range, the market faces a directional decision. Chip stacking pits long and short positions, and a critical juncture often precedes a breakout or retrace. From Murphy’s view, the chip architecture leans bullish; maintaining the high-volume bar’s support would sharpen the trajectory.

For investors, the takeaway is monitoring liquidity around $87,000 and $84,500, with risk-aware positioning and credible data sources. If the support holds, the near-term path may tilt toward a measured crypto market outlook rather than speculation.

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