The next major Bitcoin resistance level is forming around $108,500, according to a key on-chain metric from analytics firm Glassnode. After a strong rebound from support near $100,000, BTC is now consolidating and preparing to test this historically significant price ceiling.
This critical Bitcoin resistance level is identified using Glassnode’s “Supply Quantiles Cost Basis Model.” The $108,500 mark represents the price at which the top 15% of the market (the 85th percentile) acquired their coins. When the price approaches this level, it often triggers selling pressure as these investors reach their break-even point.
Analysis: The Battle at the 85th Percentile
The journey to this Bitcoin resistance level has been telling. The 75th percentile cost basis, situated near $100,000, recently acted as a springboard for the current price rebound. This successful hold confirmed a strong foundation of support. Now, the encounter with the 85th percentile is the next logical test. A breakout would indicate that buyer demand is strong enough to absorb the sell-side pressure from long-term holders finally seeing a return on their investment.
What a Break Above This Bitcoin Resistance Would Mean
A decisive and sustained move above the $108,500 Bitcoin resistance would be a powerfully bullish signal. It would suggest that the market has overcome a major supply hurdle and could open the path for a run toward new all-time highs. Such a move would likely attract more institutional and retail FOMO (Fear Of Missing Out), creating a self-reinforcing cycle of buying.
Potential for Rejection and Consolidation
Conversely, if the price struggles and is rejected at this key Bitcoin resistance, a period of consolidation is the most probable outcome. In this scenario, the market would likely churn between the support at $100,000 and the resistance at $108,500. This would allow the market to digest gains and build a new, higher base of support before attempting another breakout later.