Bitcoin’s price momentum is being weighed down by a familiar on-chain mechanism: investors who bought in later 2025 are effectively “crowding” a key
- Bitcoin's price momentum is facing resistance near $87,000 due to late 2025 buyers reaching their breakeven point.
- Demand around $80,000 is being supported by inflows into US spot Bitcoin ETFs and various cost-basis benchmarks.
- The market is in a tug-of-war between these resistance and support zones, with potential for volatility as price challenges these levels.
Topics: Asset types, Scalability, Market cycles macro sensitivity, Financial instruments, Growth metrics, Market volatility liquidity
Tags: #bitcoin #glassnode #etf #costbasis #resistance #support #onchain #marketmomentum #investorcohorts #movingaverage
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