Bitcoin’s Shield: Whales Drop Massive Buy Wall As Analysts Eye $100K

Bitcoin (BTC)’s latest rebound is testing the nerves of traders watching one number more closely than any other: $84,400, which is where 30,658 BTC were accumulated, a massive footprint that now defines the market’s most important support level.

This cluster represents billions of dollars in capital from whales who stepped in aggressively during Bitcoin’s November drawdown. The more supply concentrated at a given price, the stronger the psychological and structural support, per the analysis by cryptocurrency expert Ali Martinez on December 5.

And right now, all eyes are on whether Bitcoin can stay above it.

Market’s Make-or-Break Level Is Up Ahead

At the same time, analysts warn that Bitcoin’s short-term fate hinges on a much higher level – $91.5K. Fellow crypto specialist Michaël van de Poppe says Bitcoin is “hanging on the same price levels,” stuck between a fragile floor and a looming decision point.

If the market breaks down, he sees a potential slide toward $85K, which would represent a sweep of the liquidity resting near November’s lows and a possible setup for a double-bottom reversal.

Still, he argues that the broader correction looks largely finished. If Bitcoin holds $91.5K as support, he expects a rally toward $100K as early as the following week, signaling a return to the long-term uptrends.

For the time being, Bitcoin’s price stands at $91,208.88, indicating a drop of 1.83% in the last 24 hours, a 0.38% decline across the previous seven days, and an accumulated loss of 10.85% on its monthly chart, per the latest data.

Meanwhile, the large accumulation footprint at $84,400 gives bulls a powerful anchor. Historically, when large BTC clusters form at a level this dense, it takes significant selling pressure to force a breakdown.

The tension between these two zones – $84.4K and $91.5K – now defines Bitcoin’s entire near-term outlook. A decisive move from either side will likely determine whether the market is forming a long-term base or preparing for one more flush before the next leg higher.

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