Has the Bitcoin Selling Wave Stopped? Could $80,000 Be the Bottom? Glassnode Explains!
Photo: Bitcoin Sistemi
The leading cryptocurrency, Bitcoin, briefly fell below the $80,000 level following better-than-expected US economic data. However, this decline was short-lived, and BTC resumed its upward trend. While this situation has sparked debate about whether BTC is forming a new short-term low, a new analysis has emerged from the on-chain analytics company Glassnode. Glassnode notes that the data shows buy orders at the $80,000 level supported the price recovery, but questions remain about the sustainability of this support. Buyers Enter at $80,000!
Source: Bitcoin Sistemi
