Bitcoin’s First Resistance After New Highs Is $115,400: Glassnode
Posted On June 11, 2025
Bitcoin‘s (CRYPTO: BTC) rally to $110,300, just $2.400 shy of its all-time high, faces its first major resistance at $115,400, according to a Glassnode report on Tuesday.
What Happened: The report highlights this critical threshold as the market enters price discovery, with the Short-Term Holder (STH) cost basis at $97.6K acting as a key support level.
“On the upside, the $115,400 zone emerges as the first significant resistance should the market enter price discovery,” the report states.
After a correction to $101,000, Bitcoin has shown resilience, recovering to $110,300, driven by renewed demand and robust investor confidence.
The report notes that holding above $100,000 signals strong market sentiment, despite a brief dip in the Fear and …
About The Author
