Bitcoin traded near $77,100 on Friday, encountering significant resistance after rallying above $82,000 in recent weeks. The cryptocurrency’s momentum slowed as it approached a dense cluster of technical and on-chain barriers, identified by blockchain analytics firm CryptoQuant. According to CryptoQuant, investors who have held Bitcoin for extended periods released up to 539,000 BTC over a 30-day period in 2026. These sales primarily took place in the $77,100 to $80,200 price range, creating an area of concentrated supply where sellers are likely to defend their positions during price advances.