Coinbase Flags Key Bitcoin Zones — Why $60K and $90K Could Define the Next Move
Key Takeaways
-
Coinbase flags $60,000 as critical support; a drop below this level could trigger rapid downside.
-
Positive gamma clusters between $85,000–$90,000 likely cap upside, keeping price pinned and limiting sharp rallies.
-
Bitcoin is range-bound under $70,000, with the $60,000 floor shaping the next major market trend.
Bitcoin traders are watching two price levels with heightened intensity.
Coinbase Institutional has spotlighted $60,000 and the $85,000–$90,000 range as critical zones that could dictate the cryptocurrency’s next major moves.
The stakes are high: a breach below $60,000 could unleash accelerated selling, while gains above $85,000 may stall under persistent resists.
Coinbase’s Gamma Analysis
Drawing on options market data, Coinbase analysts point to $60,000 as a must-hold support level.
Negative gamma dominates this zone, meaning dealers’ hedging strategies can amplify downward momentum.
When Bitcoin dips, dealers sell futures or spot positions to rebalance.
This creates a feedback loop that can quickly escalate modest losses into sharper sell-offs.
“A breach below $60,000 risks capitulation,” the Coinbase report warns, noting potential downside targets between $50,000 and $53,000.
These levels coincide with historical support clusters and long-term moving averages, making the zone a critical line in the sand for market participants.
Conversely, the $85,000–$90,000 range is characterized by positive gamma clusters.
Here, dealers buy into weakness and sell into strength, limiting volatility and causing prices to “grind and pin” rather than surge higher.
Coinbase identifies $82,000 as the immediate resistance gateway.
Reclaiming it could lead to a slow climb toward the $90,000 band, where upside momentum often fades.
“Gamma-driven levels are not arbitrary—they reflect actual hedging flows in the options market,” said David Duong of Coinbase Institutional.
With Bitcoin recently dipping below $63,000 before rebounding, these insights provide traders with a roadmap for navigating market uncertainty.
The asymmetry is clear: fast downside potential meets sluggish upside, shaping two distinct trading zones.
Reflecting this, Coinbase has adjusted its first-quarter 2026 outlook from cautiously optimistic to neutral, citing ongoing technical risks amid a broader risk-off sentiment.
On-Chain Bitcoin Flow Aligns With Gamma Analysis
Coinbase’s gamma framework is reinforced by on-chain and flow data.
Negative Coinbase Premium readings indicate institutional selling pressure on the platform, while ETF outflows early in 2026 have widened the gap between supply and demand.
Content Original Link:
" target="_blank">
