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Coinbase: $82,000 is the first resistance level for Bitcoin to open up upside potential
CoinbaseInstitutional, which serves institutional clients, posted on social media that data from the BTC options market shows the densest cluster of support is located near $60,000, while the first dense resistance zone is around $82,000.In other words, $82,000 is the first hurdle to open up further upside potential, while $60,000 is the key support level preventing an accelerated decline. Additionally, the negative gamma zone is concentrated in the $60,000–$70,000 range, while positive gamma clusters above $85,000 and $90,000. This implies two market scenarios: · A decline to $60,000 could accelerate · A rise to $90,000 could lead to consolidation
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