TREE NEWS reports: Glassnode’s latest BTC price analysis identified $85,000 as the lower boundary of a cost-basis zone for long-term Bitcoin holders, putting the level in focus as a potential resistance area. The on-chain analytics firm’s analysis points to selling risk above that threshold, with $85K serving as the key line to watch for near-term price action.
Glassnode Flags $85K as Key Bitcoin Resistance Zone for Long-Term Holders
The signal here is behavioural rather than technical: Glassnode is framing $85,000 as a line where long-term holders' cost basis turns from cushion into temptation, which matters because that cohort's supply is usually the least reactive to short-term noise. If selling pressure does materialize above that zone, it would suggest profit-taking discipline is returning to hands that have held through the cycle. The open question is whether the level holds as resistance on a sustained basis or gets absorbed — and whether distribution, if it comes, stays orderly rather than clustering.
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