Bitcoin back above $81,000 with key resistance at $85,000
- —BTC above $81,300, up more than 5% on the week; ETH above $2,600 (+6%), XRP above $1.40
- —True Market Mean estimated at $76,660, with BTC back in a bullish regime per Glassnode
- —Average purchase price is $80,421 for corporate treasuries and $85,638 for ETF investors
- —About 1.07 million BTC and a short cluster have accumulated in the $83,000-$86,000 zone
Why it matters: A break above $85,000 would clear resistance from ETF investor positions and could trigger a short squeeze, accelerating gains toward new highs.
Source: Invezz