Bitcoin Price Stuck Between $82K and $85K as Whales Add 41,025 BTC
The Bitcoin price is stuck between $82,000 and $85,200, with whales adding 41,025 BTC in 10 days, according to Santiment. This accumulation accounts for 67.93% of Bitcoin's supply, but the price remains below the $84,000-$85,000 supply cluster.
Analyst Ali Martinez sees a double-bottom pattern forming, with a potential breakout above $82,000 leading to a move toward the $100,000 target. However, this target is conditional, and $82,000 must hold as support for the breakout to be confirmed.
On-chain data shows heavy whale accumulation, but the chart is still asking buyers to prove they can clear resistance. A sustained move above $85,000 would put the recent $87,000 peak back within reach, while holding $82,000 would preserve Martinez's double-bottom setup and keep the $100,000 pattern target technically relevant.