Bitcoin is facing a major resistance zone between $81,000 and $86,000, where several liquidity structures and long-term holder cost bases have converged, according to Glassnode.
The analytics firm said the $83,000–$86,000 range contains significant supply held by long-term investors who endured the recent drawdown, raising the possibility that some may sell as BTC approaches their breakeven levels.
Additional resistance includes a self-custody cost-basis level around $80,800, a dealer gamma flip near $82,300, liquidation liquidity extending toward $86,000 and fresh sell orders appearing on exchanges.
Technical indicators are also clustered near current prices. Bitcoin’s 50-week EMA sits around $77,353, its 100-week EMA near $78,485, while the 365-day volume-weighted average price is approximately $82,600.
Glassnode said the $81,000–$86,000 region represents the key test for Bitcoin’s recovery, with buyers needing enough demand to absorb substantial overhead supply before a stronger upside trend can develop. $BTC
The analytics firm said the $83,000–$86,000 range contains significant supply held by long-term investors who endured the recent drawdown, raising the possibility that some may sell as BTC approaches their breakeven levels.
Additional resistance includes a self-custody cost-basis level around $80,800, a dealer gamma flip near $82,300, liquidation liquidity extending toward $86,000 and fresh sell orders appearing on exchanges.
Technical indicators are also clustered near current prices. Bitcoin’s 50-week EMA sits around $77,353, its 100-week EMA near $78,485, while the 365-day volume-weighted average price is approximately $82,600.
Glassnode said the $81,000–$86,000 region represents the key test for Bitcoin’s recovery, with buyers needing enough demand to absorb substantial overhead supply before a stronger upside trend can develop. $BTC
