Bitcoin Breaks Key Cost Zones, Sets Sights on $85,000 Resistance

Bitcoin has made significant progress in recent times, breaking through two key cost zones as reported by Glassnode. This milestone marks a crucial point for the cryptocurrency, and analysts are keeping a close eye on its trajectory.

The real market average and short-term holder's cost price have been breached, with Bitcoin currently trading above $78,200 and $79,100 respectively. If this trend continues for another week, it could mean that the 'deep value phase' since 2026 becomes the shortest in history.

However, there are still concerns about market volatility, particularly around the next key resistance level of $85,200. The 30-day net realized profit and loss average has turned positive, but long-term holders have yet to fully recover from their losses.