According to Material Indicators, FireCharts reveals a heavy concentration of BTC bids stacking above the $85k mark. This represents the most significant bid liquidity at a single level since before Christmas. Traders should note this concentration as it could indicate strong support levels or potential price resistance in the near future.

According to Mihir (@RhythmicAnalyst), the $85k range acts as a magnet for Bitcoin, as depicted in the observed trading patterns. Traders should consider this level as a potential target or resistance point in their strategies.