Bitcoin’s $84,449 Support Zone – Nearly 400,000 BTC Accumulated as Market Tests Critical Levels
The post Bitcoin’s $84,449 Support Zone – Nearly 400,000 BTC Accumulated as Market Tests Critical Levels appeared on BitcoinEthereumNews.com.
The cryptocurrency market is closely monitoring the price action of Bitcoin as it is trading around a critical support zone between $84,449 to $84,845. According to cost basis distribution data, this has been a very popular range of accumulation: nearly 400,000 BTC has been accumulated in this range. This notable concentration of Bitcoin holdings at these price levels could prove pivotal in the decision for the next big move for the asset. Understanding Cost Basis Distribution Cost basis distribution indicates investor buying points which create psychological and technical levels of support. When a substantial amount of BTC is bought at certain price points, existing holders generally push back against selling at a loss altitude and thus natural support levels are formed. The accumulation of around 400 000 BTC around $84 449 represents around $33.7 billion worth of Bitcoin at today’s prices making this one of the most significant support clusters in recent market history. This data takes on a particular significance considering volatility in the value of Bitcoin after its own recent record amounts. After reaching fresh highs earlier this year, Bitcoin has been consolidating with investors on the lookout on these technical levels for signs of strength or weakness. Implications of the Market and Investor Behavior This support zone is significant not only in terms of technical analysis. For if prices fall considerably lower than $84,449, it will force many investors to see losses shoot up, which might create a stock panic. Conversely, bullish sentiment could be reinforced, and new buyers may be attracted by holding them above this zone. Market analysts suggest that this accumulation pattern to be an indication of institutional and whale activity as retail investors usually don’t create such a concentrated buying zone. The movement of these large holders often determines the tone of larger…
Filed under: News - @ December 20, 2025 1:23 am