Bitcoin: Glassnode Sets $82.8k Upside Target

Glassnode data shows Bitcoin Vector impulse flipped positive from the lows, driving bitcoin:native roughly 20% higher while the strategy remains fully allocated and in profit with the next upside target at $82.8k.

At $78448.34, BTC trades above the EMA50 support at $74427.23 and EMA200 at $68017.53, locking in the bullish trend structure even as MACD registers a death cross at 1453.19. Price sits inside the Bollinger Bands with upper resistance at $80473.54 and lower support at $75796.29 while RSI at 58.37 stays neutral, pointing to a measured extension toward the $82.8k level before any volatility exhaustion pulls price back to the 50-EMA.