Bitcoin Faces $81K–$86K Resistance
Bitcoin’s recovery is facing a major resistance zone between $81,000 and $86,000 as the market attempts to return toward its January highs. According to Glassnode, a large concentration of Bitcoin held by long-term investors sits around breakeven levels in this range, creating potential selling pressure as holders look to exit at cost. Additional resistance comes from self-custody holdings and options dealer hedging, which becomes more significant around $82,300. At the same time, U.S. spot Bitcoin ETFs have recorded more than $2.8 billion in net inflows over eight consecutive trading days. The August 19 short squeeze also reduced futures open interest by 11% in BTC terms. Glassnode says a sustained move above $83,300, combined with continued ETF inflows, would indicate that overhead supply is being absorbed. For xbit.money users, the $81K–$86K range is an important area to monitor when tracking BTC rates and planning an exchange.