Glassnode: 12 factors keep bitcoin below $85K
- —BTC's high since Sept. 23 is $87,100, with only five closes above $85K since January
- —Long-term holders control roughly 4M BTC bought between $85K and $118K
- —BTC slipped below the ETF cost basis of about $81,500
- —Support sits at $78K–$79K bids and the True Market Mean near $77,900
Why it matters: The $84K–$85K zone is the key hurdle; a break higher on rising ETF inflows would confirm a shift in momentum.
Source: BeInCrypto DE