bitcoinFeature
Glassnode notes Bitcoin resistance near $85K for long-term holders
Long-term holders are watching closely as Bitcoin's price approaches a key level.
Glassnode's analysis pointed toward $85,000, identifying it as the bottom edge of a cost-basis area for those holding BTC for extended periods.
This figure suggests a critical threshold for the cryptocurrency's trajectory.
The focus remains on potential resistance levels above this mark.
Market observers are keenly tracking the asset's movement relative to this zone.
