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 Does Bitcoin Price The post Is Bitcoin Headed to $81,000? What On-Chain Data Shows appeared first on BeInCrypto.
Key Takeaways
- 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.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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