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Bitcoin long-term resistance in focus as analysis sees selling risk above $85K

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Bitcoin long-term resistance in focus as analysis sees selling risk above $85K

BTC price analysis from Glassnode drew attention to $85,000 as the lower boundary of a cost-basis zone for long-term holders.

Bitcoin (BTC) faces resistance between $84,000 and $85,000 as analysis points to coins largely linked to a single large holder.

In the latest edition of its regular newsletter, The Week Onchain, crypto analytics platform Glassnode flagged another resistance hurdle for BTC price action in the mid-$80,000 range.

On Nov. 22, 2025, a significant portion of the total BTC supply moved onchain. At the time of the transactions, BTC/USD traded between $84,000 and $85,000. The coins that last moved at that price make up 4.3% of the total BTC supply, or 864,520 BTC.

The analysis links the majority of this Bitcoin to a single large holder, who was moving funds among multiple wallets. Although self-transfers generally do not affect price, Glassnode noted that Bitcoin has respected the $84,000-$85,000 range as both support and resistance over the past 11 months.

“It held as support in December, when price bounced off it on December 1 and December 18. It gave way on January 31, when a push back up to $84K failed, and Bitcoin fell about 20% over the following days,” Glassnode commented.

In May, September and October, BTC price upside momentum faded near the same level, with a high of $87,400. Bitcoin has recorded only five daily closes above the band, never more than three in a row.

“A run of daily closes above $85K would turn the band back into support,” Glassnode added.


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