Cointelegraph reports that Glassnode's analysis highlights $85,000 as a critical resistance level for Bitcoin (BTC). This price point marks the lower boundary of a cost-basis zone for long-term holders, indicating potential selling pressure if BTC surpasses this threshold. The focus on this level suggests that traders should be cautious about upward movements beyond $85K, as it may trigger selling from those who bought at lower prices.
AI-assisted source briefing. Based on the Cointelegraph RSS report; not independently verified.
Source published: Thu, 29 Oct 2026 10:46:43 +0000
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