Bitcoin is trading sideways below a strong resistance zone between $83,000 and $86,000, while selling pressure has fallen sharply from August levels, Glassnode said. The on-chain analytics firm said lower support has recovered, but the upper boundary has not yet faced a serious test. Sell-side activity is now below half its earlier level, and long-term holders have also reduced their sales. Meanwhile, more Bitcoin supply is concentrated at higher prices, increasing the importance of a sustained close above $86,000. Glassnode said such a move could indicate that the market has absorbed available selling supply, while renewed selling pressure or a break below support at $62,000-$65,000 could weaken the current positive market mood.