- Bitcoin nears $88.8K resistance as analysts watch whether a confirmed bottom is forming or failing.
- Traders see heavy sell pressure building as holders aim to exit near key Bitcoin resistance zones.
- Sentiment turns bullish above $80K, but analysts warn rising optimism may trigger sharp volatility.
Bitcoin faces another major test as analysts watch whether the cryptocurrency can break above $88,880 and hold the level. CryptoQuant said on X that the market cannot confirm a bottom until Bitcoin clears that price range convincingly.
The warning came as Bitcoin traded near $80,870 while many investors who bought at higher prices still waited to exit their positions. Analysts said those holders could increase selling pressure during rallies between $85,000 and $88,000.
CryptoQuant analyst IT Tech said several resistance levels continue limiting Bitcoin’s recovery. The first major barrier stands at $88,880, linked to investors who bought between three and six months ago. Another resistance zone sits near $93,450 from longer-term holders.
Meanwhile, the largest concentration of potential selling pressure remains around $111,850. “Bottom calls are narratives. 88.88K reclaimed and held is data,” IT Tech wrote.
Resistance Levels Shape Market Direction
IT Tech said many investors who bought Bitcoin during late 2025 and early 2026 still want to exit without losses. As a result, Bitcoin continues facing selling pressure whenever prices move higher. The analyst also warned that a brief move above resistance would not confirm a market bottom unless buyers manage to hold those levels.
Glassnode analysts also pointed to signs of improving momentum as Bitcoin climbed above several important price levels. The firm said Bitcoin moved past the True Market Mean of $78,200 and the Short-Term Holder Cost Basis near $79,100. According to Glassnode, holding above those levels could support another push toward the $85,200 resistance zone.
Sentiment Rises as Bullish Calls Return
Santiment data shows Bitcoin sentiment climbed to its highest level in four months during the latest move above $80,000. The analytics firm said social media discussions now show 1.37 bullish comments for every bearish mention. However, Santiment warned that rising optimism often increases the risk of sudden volatility in crypto markets.
The firm said trader confidence has improved after weeks of macroeconomic concerns and geopolitical tensions. Analysts also noted that excessive optimism sometimes appears before short-term pullbacks and profit-taking periods.
Meanwhile, Fundstrat co-founder Tom Lee said the crypto bear market may already have ended. He pointed to Bitcoin’s recent monthly gains as a strong historical signal. According to Lee, Bitcoin has never recorded three consecutive monthly gains during a prolonged bear market.
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