NewsSignals AI analysis·Cointelegraph·Oct 29, 2026

Bitcoin long-term resistance in focus as analysis sees selling risk above $85K

Grade Bbearish AI signal$BTC

Bitcoin faces a significant resistance zone between $84,000 and $85,000, where 864,520 BTC last moved onchain and potential selling pressure could limit a sustained recovery. Glassnode estimates long-term holders own around 4 million BTC with cost bases between $85,000 and $118,000, while Bitcoin has recorded only five daily closes above the resistance band. A sustained move above $85,000 could turn the zone back into support, but holders seeking to break even may increase selling pressure as prices recover.

Bullish strength: 25/100

A sustained run of daily closes above $85,000 could turn the resistance band into support.

Bearish strength: 75/100

864,520 BTC, equivalent to 4.3% of supply, last moved onchain around $84,000-$85,000.
Long-term holders own around 4 million BTC with cost bases between $85,000 and $118,000, creating potential sell-side pressure near breakeven.
Long-term holder SOPR stands at 0.99, indicating coins moving onchain are being spent at an aggregate loss.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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