Bitcoin has faced notable challenges in turning $80,000 into sustained support, with new research indicating that more significant resistance lies ahead for bullish traders. Recent analysis by the crypto analytics firm Glassnode highlights persistent obstacles just above the current trading range as Bitcoin continues to test new highs.
Glassnode reports key resistance for long-term holders
According to Glassnode’s latest “The Week Onchain” report, several major pools of coins may be unleashed into the market should Bitcoin move below $86,000. Notably, these supplies are predominantly controlled by long-term holders, defined as wallets that have maintained their BTC holdings without selling for at least six months.
Glassnode described the $83,000 to $86,000 range as a “heavy structure” nearly entirely composed of long-term holder supply. The report suggested that if Bitcoin’s price approaches this zone, it will test whether these investors will sell as they near breakeven after holding through market downturns.
“Above, the first heavy structure is $83,000 to $86,000, and effectively all of it is long-term holder supply that has sat through the entire drawdown. Every overhead structure we track now sits between $81,000 and $86,000; that band is where the recovery’s demand meets its test.”
Order books also reveal new ask liquidity in this price band. Glassnode noted that some order owners may be aiming to keep their ask positions above spot prices rather than execute immediate trades, potentially adding another layer of resistance for bullish moves.
The area starting at $80,800 marks the first self-custody cost-basis shelf, while dealer gamma exposure flips negative at $82,300. Additionally, there is a surviving liquidation shelf running to $86,000 and a concentrated wall of patient supply clustered within $83,000 to $86,000.
BTC price trend lines and market sentiment
Key technical indicators are also converging in the current range, reinforcing its significance as a resistance corridor. Data from TradingView places Bitcoin’s 50-week exponential moving average (EMA) at $77,353 and the 100-week EMA at $78,485. The 365-day volume-weighted average price (VWAP) is centered around $82,600.
Previous coverage by Cointelegraph indicated ongoing skepticism among market participants about the sustainability of Bitcoin’s latest rally. Several analysts cautioned that the typical timing for bear market cycles suggests further volatility could persist until the end of 2026.
Trader and analyst Rekt Capital emphasized that Bitcoin needs to maintain above its 50-week EMA longer to confirm a meaningful trend shift, pointing to the importance of closely monitoring this technical threshold.
Wall Street and traditional markets shifting to Web3
While Bitcoin’s technical outlook draws much attention, broader market shifts are also underway. Markets traditionally managed through complex brokers are rapidly adopting Web3 innovations. Increasingly, investors are using protocols like 1stepSwap to directly hold tokenized shares of major U.S. companies, gold, and silver within their crypto wallets. By automatically sourcing optimal pricing for Real-World Assets and eliminating intermediaries, these platforms are redefining asset ownership and accessibility for both retail and institutional participants.
