Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

• Bitcoin rose above $81,000 after reclaiming the $76,660 True Market Mean, signaling a potential bullish trend.
• Glassnode identified $83,000-$86,000 as a thickening liquidation shelf, where forced short covering could accelerate Bitcoin’s move through resistance.
• CryptoQuant contributor CW8900 reported that Bitcoin’s hashrate has resumed rising, indicating increased miner activity, which historically supports stronger BTC price conditions.

Bitcoin (BTC) rose above $81,000 on Friday after climbing back above the True Market Mean, signaling that the market could potentially have moved back into a bullish regime.

Bitcoin reclaims key market level amid growing resistance

The True Market Mean, at $76,660, represents the average price paid by active trading participants. BTC’s move back above the level often signals a return to bullish territory and can trigger positive short-term sentiment.

“That puts price back above a crucial level and back into a bullish regime,” analytics firm Glassnode wrote in an X post on Friday.

With Bitcoin trading above the True Market Mean, attention is now shifting toward the next major cost-basis barrier. Glassnode identified the corporate treasury cost basis at around $80,421, followed by the US spot Bitcoin ETF cost basis near $85,638.