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

BlockBeats News, February 25th, Coinbase Institutional, serving institutions, posted on social media that BTC options market data shows the most dense support cluster is located around $60,000, while the first dense resistance range is around $82,000. That is, $82,000 is the first key level to open up further upside potential, while $60,000 is a critical support to prevent accelerated downside.

Furthermore, the negative gamma belt is concentrated in the $60,000-$70,000 range, while the positive gamma is concentrated above $85,000 and $90,000. This implies two market tendencies:

· Acceleration may occur on the downside to $60,000

· Upside movement to $90,000 may lead to consolidation