Glassnode analysts: Bitcoin needs to clear $86,000 as weak spot demand threatens its rally

[Redaktion]

Bitcoin (BTC) briefly recovered toward the $80,000 level before losing momentum, with the cryptocurrency trading around $77,700 after a 1.4% decline over 24 hours. Glassnode analysts now identify the $83,000 to $86,000 region as a major hurdle for Bitcoin, while weak spot-market demand could make the recovery harder to sustain.

https://www.notebookcheck.net/Glassnode-analysts-Bitcoin-needs-to-clear-86-000-as-weak-spot-demand-threatens-its-rally.1396049.0.html