Bitcoin Stalls at $84,000-$85,000 as Long-Term Holders Resist
Bitcoin's recent price rally has lost momentum at the $84,000 to $85,000 range, where long-term investor supply is heavily concentrated.
According to Glassnode, an on-chain analytics firm, this range contains more long-term holder supply than any other price range on the chart.
Glassnode emphasized that Bitcoin needs to break above this range and hold there for the rally to continue.