Bitcoin Reclaims $80K Support as $87K Resistance Looms, Glassnode Says

Bitcoin recovered above $80,000 after its October 15 decline as buyers replenished bids, though support liquidity remains below its previous peak. U.S. spot Bitcoin ETFs recorded $653 million in inflows on October 19, despite trading volume remaining below its typical annual level. Glassnode identifies 86,500–87,500 as resistance, while the Fed’s October 28 decision and MSCI’s November 11 review add uncertainty. Bitcoin found buyers near $80,000 after its October 15 decline, with bids replenishing within days, according to Glassnode. The recovery faces resistance between $85,000 and $87,500, where older holders’ cost bases, sell orders and leveraged liquidation clusters overlap. Meanwhile, U.S.

Source: Crypto Front News