On-chain analytics platform Glassnode reports that Bitcoin must clear a significant resistance zone between $81,000 and $86,000, primarily composed of long-term holder supply that has not sold throughout the drawdown. Multiple trend lines converge around spot price, including the 50-week EMA at $77,353 and the 100-week EMA at $78,485, with the 365-day volume-weighted average price around $82,600. The $81,000-$86,000 zone represents the critical test point where the recovery must demonstrate sustained demand, with re-laddered sell orders on exchange order books ranging from $80,800 to $86,000.
Source: Read the original article
