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Bitcoin faces resistance around $84,000‑$85,000 per Glassnode analysis
Glassnode highlighted a resistance zone between $84,000 and $85,000 for Bitcoin, noting that coins last moved at that price represent 4.3% of the total supply, about 864,520 BTC, linked to a single large holder. The analysis said Bitcoin has respected this band as support and resistance over the past 11 months, with only five daily closes above it and never more than three consecutively. Glassnode warned that a run of daily closes above $85,000 could shift the band to support, while long‑term holders may sell if price returns to $85,000.