Bitcoin faces key hurdle in $81,000-$86,000 range to reach January high, analyst says

What happened

Glassnode, an analytics firm, says Bitcoin faces a key hurdle in the $81,000–$86,000 range to reach its January high, because many long-term holders are near breakeven there.

Confirmed

Global impact / market context

This range could act as a supply zone, where long-term holders sell to recover costs, increasing selling pressure and slowing price gains. Breaking through may attract buyers, while failing could stall Bitcoin's recovery and affect investor confidence.

Analyst inference

Bitcoin's path depends on holder behavior; if many bought near these prices, their sales or patience shape supply and demand. A strong breakout could signal momentum, but a rejection might lead to a pullback, influencing trader positioning.

Analyst inference

What to watch

1. Watch if Bitcoin price breaks above $86,000, as Glassnode sees this zone as resistance based on long-term holder breakeven levels, which could enable reaching the January high. Confirmed
2. Consider tracking trading volume in the $81,000–$86,000 range, because rising volume may confirm seller activity, and declining volume could suggest the hurdle is weakening. Proposed
3. If Bitcoin fails to clear this range, expect potential price drops as holders exit at breakeven, reducing momentum and possibly delaying any move toward the January high. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• theblock.co