Chip Distribution: BTC Price Is Attacking the Key Resistance at $64,701.88
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PRO chip distribution data shows: In the past 2 months, 50% of BTC trading volume was concentrated in the $61,026.02 to $64,701.88 range, with the most concentrated price (POC) at $62,863.95. Currently, BTC price is breaking upward towards the upper edge of this chip area ($64,701.88), approximately 0.03% away, representing a direct assault on the bears’ last line of defense. If it breaks through with high volume and holds, resistance will turn into support and there will be more room for upside. If it faces resistance on low volume, then the resistance holds and the price will fall back into range-bound trading. PRO users can use the "chip distribution" tool to monitor volume changes during breakouts and distinguish real from false breakouts. Data is for reference only.
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