Bitcoin Bounced at $80K but Glassnode Warns of Weaker Support Below

Bitcoin briefly slipped under $80,000 on upbeat US data before rebounding. Large buy orders on Binance absorbed the dip and helped restore the uptrend.

Glassnode’s order-book study shows that after the quick drop, sizable bids at $80,000 were filled and new ones appeared. Support further down looks thinner.

Clusters of stop-loss triggers in August and September marked short-term lows that later lifted price toward $80,000 and above $85,000. Profit-taking has eased since the September high, hinting the recent test could mark a local bottom—unless the level breaks, opening the way to $78,000.

Based on information from cryptonews.net