Glassnode warns of strong BTC resistance as 4.3% of supply last moved near $85,000

Bitcoin faces a significant resistance zone between $84,000 and $85,000, following a recent analysis linking coin movements to a single large holder. According to blockchain analytics firm Glassnode, 4.3% of the total BTC supply, representing 864,520 BTC, was last transacted onchain near this price range. While such self-transfers typically do not impact market prices, Glassnode highlighted that the $84,000-$85,000 range has repeatedly acted as both a support and resistance area over the past eleven months.

Source: CoinTurk News