Glassnode analysts are sounding the alarm about a possible Bitcoin pullback to $60,000. According to their latest data, BTC is trading below a heavy resistance zone at $83,000–$85,000, where a huge chunk of coins is held by long-term holders. Around $75,000, a fresh accumulation cluster is forming—if that support gives way, it could trigger a much deeper drop.

Resistance at $83,000–$85,000

Glassnode calls this range a serious barrier: there's a big stash of coins sitting with long-term investors here. With BTC stuck below this zone, it shows that sellers are still putting pressure on the price at these levels.

Accumulation Cluster at $75,000 and Downside Risk

There's a new accumulation cluster shaping up near $75,000, which is acting as the key support right now. Glassnode warns that if this level breaks, there's a real risk of Bitcoin sliding all the way to $60,000.

What the Market's Watching

Right now, the key levels are resistance at $83,000–$85,000 and support around $75,000. How BTC moves in relation to these zones is what traders and whales are watching closely.