Bitcoin (CRYPTO: BTC) is setting up well for a rally in 2026, backed by several bullish technical indicators and receding sell pressure.
What Happened: Glassnode data shows that profit-taking pressure has largely subsided, allowing Bitcoin to rebound from around $87,000 into the mid-$90,000 range.
The move reflects exhaustion on the sell side—particularly among long-term holders—and signals a stabilization phase following the distribution seen in the fourth quarter of 2025.
However, upside momentum now faces substantial overhead supply between roughly $92,000 and $117,000, where …