What’s the Latest on Bitcoin? Is It in Good Shape, or Is There a Risk? Experts Weigh In

In its latest assessment of the current state of the Bitcoin (BTC) market, cryptocurrency analytics company Glassnode reported that while selling pressure has eased, buyers have not yet made a strong comeback. According to Glassnode data, Bitcoin managed to hold above the $80,000 level after the drop experienced in early October. While BTC lost approximately 2% on a weekly basis and is trading around $82,000, it appears that selling pressure has eased, but new demand has not yet strengthened sufficiently.

Source: Bitcoin Sistemi