CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
BitcoinSistemi 2026-10-16 16:06:08

Has the Bitcoin Selling Wave Stopped? Could $80,000 Be the Bottom? Glassnode Explains!

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! Glassnode reported that after Bitcoin briefly dropped below $80,000, large buy orders that had been waiting around $80,000 in the Binance BTC/USDT spot order book for the past week were filled. Even new large buy orders were entered. Glassnode noted that BTC subsequently recovered gradually, but buy orders below $80,000 were weaker compared to previous levels. This suggests that downward pressure could increase if the price retests the same region. Past Selling Waves Coincided with Lows! Glassnode’s data indicates that stop-loss orders increased in early and mid-August and mid-September, with each event coinciding with Bitcoin forming a short-term bottom. Following the August sell-off, the price rose to the $80,000 level, while a recovery above $85,000 occurred after the September drop. Glassnode also stated that profit-taking has decreased since Bitcoin’s peak in September. According to the company, if this pattern repeats, the sell-off seen yesterday around $80,000 could indicate a short-term bottom for the current correction. At this point, Glassnode’s assessment suggests that a drop below $80,000 could increase selling pressure and bring the $78,000 level into play. Therefore, the potential bottom is not yet certain. *This is not investment advice. Continue Reading: Has the Bitcoin Selling Wave Stopped? Could $80,000 Be the Bottom? Glassnode Explains!

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta