Is Bitcoin Headed to $81,000? What On-Chain Data Shows
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4 Articles
Bitcoin Price Holds Above $82K Despite Mounting Bearish Pressure
Bitcoin’s price is struggling to find its footing on Oct. 8, 2026, after a sharp selloff knocked prices from the mid-$85,000s into the low $82,000s. Trading near $82,500, the cryptocurrency faces mounting pressure across its hourly and four-hour charts, although daily technical indicators remain neutral. The $82,180 level has become the market’s immediate line of […]
Is Bitcoin Headed to $81,000? What On-Chain Data Shows
Bitcoin (BTC) slipped back below $85,000 this week, days after its first daily close above that level. Glassnode data shows the move came on weak trading volume, with new capital arriving slowly. The firm now flags $81,000, home to the largest buy orders on Binance, as the next level to watch. Why...
Bitcoin's recent move above the $85,000 level is not considered a strong breakout due to low trading volume and limited new capital inflows. According to Glassnode's analysis, short-term investors are using the rise for profit taking, while significant liquidation levels in the market are accumulating below the current price. Glassnode notes that despite Bitcoin overcoming heavy sell orders around $85,000, the move is not a strong breakout. Sour…
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