The cryptocurrency's price hit $85,091 on Sept. 25 and surpassed a critical concentration of assets held by long-term investors. Glassnode data shows the asset moved above the $85,000 supply cluster, and the trajectory toward higher prices remains open provided that Bitcoin maintains a floor of $84,000.

Resistance for the digital asset is now positioned at the $96.7K mean MVRV price. If the market retreats, support is found at $77K based on the True Market Mean.