Glassnode: if bitcoin holds above $82,000, next target is $85,638
- —Key support — $76,660, the average purchase price of active investors
- —First resistance level — $80,421, the average purchase price of corporations
- —Target on a break above $82,000 — $85,638, the average purchase price of US spot ETFs
- —If $76,660 is lost, a correction to $75,000 and $71,353 is possible
Why it matters: The average purchase price levels of ETFs and corporations act as potential sell zones, defining the near-term range for BTC.
Source: Blockmedia