Bitcoin Breaks $85,500 Resistance as On-Chain Activity Surges
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Bitcoin Breaks $85,500 Resistance as On-Chain Activity Surges
Bitcoin has moved above the $85,000 to $85,500 sell wall that Glassnode identified as an important resistance zone last week, giving the market a fresh signal of strength. The breakout matters because it suggests that buyers have been able to absorb a significant amount of selling pressure. However, the bigger question now is whether this […]
Bitcoin (BTC) has broken through the $85,000 selling pressure and is holding around $86,000. Glassnode data indicates that on-chain demand is outpacing leverage, with the target being the average MVRV price of $96,700...
Cryptocurrency News | Cryptocurrency Prices | Market Cap
BizTocWhy Bitcoin Could Target $96.7K as On-Chain Money, Not Leverage, Leads the Rally
Bitcoin (BTC) is trading around the $85,000 sell wall as leverage cools and new on-chain money arrives, according to Glassnode. That mix could put $96.7K in play. The same report shows profit-taking running well above its normal range. Here is what each signal measures and what it implies for the...
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