Bitcoin (BTC) Price Prediction: BTC Turns $79K into Support as Risk-On Signal Points to Fresh Rally Toward $100K

The move has also coincided with a shift in Glassnode’s Bitcoin Vector framework. The proprietary model moved into a Risk-On regime on August 21, marking a significant change from the Risk-Off phase that followed Bitcoin’s previous cycle high near $126,000. Glassnode’s public data confirms the August 21 inflection and describes the reading as an “Optimal risk-on environment.”

However, the signal does not remove the resistance BTC faces above $80,000. Glassnode’s latest market analysis shows that the recovery has stalled beneath a major supply area around $83,000-$86,000, leaving the cryptocurrency at an important technical juncture.

Bitcoin Holds Near $79K as Resistance Comes Into Focus

Bitcoin’s recent price action has placed $79,000 among the key short-term levels for traders.

The cryptocurrency rallied sharply from its August lows and briefly moved above $80,000. Recent market data shows that BTC subsequently tested levels above $82,000, reaching a high of about $82,164 before retreating.

Bitcoin has turned bullish on the daily timeframe, breaking its long-term trendline and consolidating below the $82K–$84K resistance zone in a bullish flag pattern. Source: PremiumTrader57 on TradingView