Bitcoin Tests $72,000 Resistance as Glassnode Warns of Prolonged Sideways Trading

Bitcoin must break above $72,000 to avoid extended sideways movement, Glassnode said in its latest on-chain market assessment. The cryptocurrency is trading between its True Market Mean of $79,200 and Realized Price near $55,000, a technical corridor reflecting mixed sentiment among holder groups. Glassnode notes current conditions resemble the first half of 2022, when Bitcoin ranged between major on-chain metrics with reduced volatility and volumes before a seven-month consolidation preceded a deeper downturn. Failure to clear $72,000 could sustain rangebound behavior affecting long-term holders, short-term traders, miners and leveraged participants, while a breakout would require stronger volumes and supportive market conditions.