📊 #Bitcoin remains range-bound as long-term holder supply continues to cap upside momentum.
Glassnode data shows heavy supply between $83K–$86K, creating a major resistance zone after the recent short squeeze. Until this supply is absorbed, $BTC may continue to consolidate within the broader range.
Key Market Boundaries:
• 🔴 Overhead Resistance: $83K–$86K
• 🟢 Macro Support: $62K–$65K
• 📅 Options Catalyst: ~$14B OI expiring Sept. 25
👉 A clean breakout above $86K could unlock the next major leg higher, while losing the support zone would significantly weaken the structure.
Glassnode data shows heavy supply between $83K–$86K, creating a major resistance zone after the recent short squeeze. Until this supply is absorbed, $BTC may continue to consolidate within the broader range.
Key Market Boundaries:
• 🔴 Overhead Resistance: $83K–$86K
• 🟢 Macro Support: $62K–$65K
• 📅 Options Catalyst: ~$14B OI expiring Sept. 25
👉 A clean breakout above $86K could unlock the next major leg higher, while losing the support zone would significantly weaken the structure.
