Bitcoin● Neutral

Glassnode flags $85K as a key Bitcoin level for long-term holders

TradingGain Newsroom·1h ago·29 Oct 2026, 10:46 UTC

Glassnode's Bitcoin price analysis points to $85,000 as the lower boundary of a cost-basis zone for long-term holders. The analysis also sees a risk of selling above that level. For traders, $85,000 is a level to watch for possible resistance.

BTCAt the time of writing, Bitcoin traded at $80,263 (-1.47% in 24h).Live price →

Why it matters

$85,000 is the lower edge of a cost-basis zone for Bitcoin's long-term holders.
The analysis sees selling risk above $85,000, which could cap upward price moves.
Traders may want to track how price behaves as it approaches this level.

What to watch next

Watch how Bitcoin's price reacts as it moves toward $85,000, the level the analysis puts in focus.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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