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Bitcoin Surges Above $81K, Faces Key Resistance
Confirmed
In Short: Bitcoin surged above $81,000 on Friday, climbing back above the True Market Mean, according to Glassnode.
Bitcoin surged above $81,000 on Friday, climbing back above the True Market Mean, according to Glassnode.
The move back above this level often signals a return to bullish territory and can trigger positive short-term sentiment.
Glassnode identified the corporate treasury cost basis at around $80,421, followed by the US spot Bitcoin ETF cost basis near $85,638.
The firm noted that if Bitcoin enters the $83,000-$86,000 area, forced short covering could accelerate the move through the zone.
Increased miner activity has historically coincided with bullish Bitcoin price trends.
Bitcoin's current position above the True Market Mean shifts attention to the next major cost-basis barrier.
Glassnode’s data suggests a dense cluster of potential short liquidations has formed between $83,000 and $86,000, adding another layer to the resistance area.
Bitcoin faces mild pressure, trading below $77,000 at the time of writing on Tuesday following a recovery the previous day.
Cryptocurrency prices are under pressure on Tuesday, with Bitcoin retreating below $77,000.
Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.
According to this view, Bitcoin could still revisit lower levels if the $60,000 support zone fails to hold consistently.
The firm stated that a sustained close above the $83,000-$86,000 zone is required to stabilize short-term momentum.
What this adds
Bitcoin's recent surge above $81,000 marks a significant shift from its previous volatility and retracement.
The firm noted that increased miner activity has historically coincided with bullish Bitcoin price trends.
The latest Bitfinex Alpha report notes that Bitcoin price action remains range-bound, and liquidation risks are building in the near term.
Bitcoin's current position above the True Market Mean shifts attention to the next major cost-basis barrier.
Background
Bitcoin surged above $81,000 on Friday, climbing back above the True Market Mean, according to Glassnode.
What's confirmed
- Bitcoin surged above $81,000 on Friday, climbing back above the True Market Mean, according to Glassnode.
- The move back above this level often signals a return to bullish territory and can trigger positive short-term sentiment.
- Glassnode identified the corporate treasury cost basis at around $80,421, followed by the US spot Bitcoin ETF cost basis near $85,638.
- The firm noted that if Bitcoin enters the $83,000-$86,000 area, forced short covering could accelerate the move through the zone.
- Increased miner activity has historically coincided with bullish Bitcoin price trends.
- Bitcoin's current position above the True Market Mean shifts attention to the next major cost-basis barrier.
- Glassnode’s data suggests a dense cluster of potential short liquidations has formed between $83,000 and $86,000, adding another layer to the resistance area.
- Bitcoin faces mild pressure, trading below $77,000 at the time of writing on Tuesday following a recovery the previous day.
- Cryptocurrency prices are under pressure on Tuesday, with Bitcoin retreating below $77,000.
- Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.
- According to this view, Bitcoin could still revisit lower levels if the $60,000 support zone fails to hold consistently.
- The firm stated that a sustained close above the $83,000-$86,000 zone is required to stabilize short-term momentum.
What's still developing
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- Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.
- Bitcoin is also approaching a thickening liquidation shelf, according to Glassnode.
- Meanwhile, the latest Bitfinex Alpha report notes that Crypto King price action remains range-bound, and liquidation risks are building in the near term.
- With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.
- The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.
- Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.
- Long-term catalysts are emerging, including a Senate push to ease Bitcoin bank capital rules and new ETF products, while traders watch the Fed meeting and the critical $60K–$65K BTC range.
- Bitcoin rebounds but remains under pressure, trading near $62,614 after crashing to a 2026 low of $59,100 as stronger US jobs data fueled expectations of higher interest rates.
- Market sentiment stays fragile, with $1.7 billion in crypto liquidations, a record 13-day Bitcoin ETF outflow streak totaling $4.33 billion, and the Fear & Greed Index remaining in extreme fear.
- Bitcoin tumbled to a 2026 low of $59,100 last week before stabilizing near $62,614 heading into Monday.
- Bitcoin dominance holds near 58.10%, and the global crypto market cap sits around $2.18 trillion.