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Coinbase: $82,000 is Bitcoin's First Resistance Level for Upside Potential

2 hours ago

February 25th — Coinbase Institutional, the institutional division of Coinbase, noted in a social media post that Bitcoin (BTC) options market data reveals: - The most concentrated support cluster lies around the $60,000 level, while the first key resistance zone is near $82,000. - $82,000 is the first critical threshold to unlock further upside, and $60,000 is a pivotal support to stem accelerated downside. Additionally, negative gamma is clustered in the $60,000–$70,000 range, whereas positive gamma is concentrated above the $85,000 and $90,000 levels. This signals two market trends: - Downside momentum could accelerate toward the $60,000 level. - An upside push to $90,000 may trigger consolidation.
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