Bitcoin Faces Rising Sell Pressure After Rebound Above $85K

Analyst identifies Bitcoin’s $80,500 capital-weighted cost basis as key support, warning that uncertainty around this level could increase selling activity. Bitcoin’s Seller Exhaustion indicator has entered a zone resembling previous local tops, signaling potentially elevated selling pressure among short-term holders. BTC trades near $82,900 below its 50-day moving average at $84,000 but above its 200-day average at $81,800, leaving key support near $82,000. Bitcoin faces rising selling pressure after rebounding above $85,000, according to analyst Darkfost, while its price remains near important cost-basis levels.

Source: Crypto Front News