Bitcoin long-term resistance in focus as analysis sees selling risk above $85K
Summary
Recent market analysis highlights the eighty-five thousand dollar price level as a crucial zone for long-term investors. Experts note that this threshold represents a significant cost basis boundary. Consequently, trading activity above this specific point could trigger increased selling pressure across the network.
BTC price analysis from Glassnode drew attention to $85,000 as the lower boundary of a cost-basis zone for long-term holders.
Source: Read the full story at Cointelegraph.com News
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