Analytics firm Glassnode predicts that Bitcoin could reach $136,000 if current demand holds steady. Their short-term holder cost basis model, which tracks the average price recent buyers paid for Bitcoin, suggests the next major resistance point is just below $140,000. Currently, 95% of short-term holders are in profit, which is well above the long-term average of 88%. That means many are likely thinking about selling, which could trigger a pullback. Glassnode warns that if this number begins to drop, it may signal weakening demand or a broader distribution phase. While the forecast is bullish, the firm emphasizes caution. Short-term holders tend to be more sensitive to price changes and are more likely to sell when profits are high. This creates a risk that selling pressure could increase and prevent Bitcoin from reaching the predicted highs. At the time of the report, Bitcoin was trading around $118,000. Investors watching for a move to $136,000 should keep an eye on short-term holder behavior and profit levels. The model offers insight into market sentiment and helps investors identify entry and exit points. But even with strong demand, potential sell-offs could make the path to $136,000 a bumpy one.