Bitcoin's first resistance level was $78,000, and the next resistance level is $83,000, which is the 200-day moving average on a daily basis, said Checkmate, a senior analyst at on-chain analytics firm Glassnode, via X. He added, "$78,000 is near the average cost basis for short-term holders (those holding for less than 155 days). If $83,000 is strongly breached, considering the supply at that price level, it could rise up to $85,000. The final resistance level is $95,000, which is the 50-week moving average."
