Bitcoin continues to experience heightened volatility, marked by sharp price swings that have kept traders and analysts on high alert. Bitcoin declined to under $80,000 several times during last week before reaching a $86,000 peak.

Currently Bitcoin trades at $84,483 and increases by 0.53% in one day and 3.41% in the week. Bitcoin’s intense volatility shows how significant nPOCs stand out as historical trading zones, which may shape Bitcoin’s future path.

Castillo Trading revealed four important price barriers for Bitcoin at $107,877, $104,802, $98,407, and $95,756.

Bitcoin Rebounds Amid Resistance Levels and Volatility Surge

Bitcoin Support Zones and Entry Points

Castillo explained that Naked Points of Control (nPOC) stand for price levels with significant volume that Bitcoin has not revisited yet. Prices tend to gather at these zones and create either trading pauses or market reversals. People who trade Bitcoins watch closely as the cryptocurrency tests each major trading price point on its way to new levels.

Apart from resistance zones, Castillo has pinpointed $75,000 to $82,000 as the preferred entry points for buying opportunities. Based on past data of nPOC market buyouts, the support levels stand at $82,000, $76,949, and $74,265 to help Bitcoin recover from market corrections.

The IntoTheBlock data shows mixed readings of market conditions. Asset purchases made by large investors have decreased by 29.05% over one week that provides evidence for future market price drops. Large holders bought 465% more bitcoin over the past month and boosted purchases by 108% during the last 90 days.

Bitcoin Rebounds Amid Resistance Levels and Volatility Surge

A market analyst from CryptoQuant reports that these different market signals point to cautious optimism. Even though short-term market reactions show nervousness, institutions likely stay invested in the long run.

People observed significant market movement as 14,929 Bitcoins, or $1.26 billion, were unstaked from the Babylon platform. At this time, both large transactions pressured Bitcoin’s value downward from $85,164 to $83,500 despite these market forces.

Bitcoin followers differ on market expectations because many wait for further price increases while others expect a price drop to $84,000. The Bitcoin market direction depends upon its ability to break through the existing high-volume resistance levels and how analysts and traders behave in the upcoming days.