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Analyst: Bitcoin has significant chips changing hands at $78k, forming support.
If it stabilizes above $82k, the real resistance is above $87k.
Mars Finance News, crypto analyst Murphy stated that BTC is currently filling the gap left in its chip structure since 2024.
The recent chip concentration area is around $78,000, where approximately 423k BTC have changed hands, indicating significant capital inflow forming support.
He pointed out that trading volume in the $79,000 to $80,000 range has noticeably decreased, possibly due to proximity to round numbers and resistance levels, with some funds choosing to wait and see.
There is still an unfilled chip gap above $81,000 to $82,000, and it is expected that the price will fluctuate and consolidate in this range before challenging higher levels after sufficient chip turnover.
Murphy emphasized that the chip concentration in the $83,000 to $84,000 range mainly results from Coinbase wallet reorganization and does not constitute real resistance.
If BTC stabilizes above $82,000, the true resistance above will come from the chip concentration area above $87,000.