Glassnode: Bitcoin Slides Toward $81K Support

Glassnode reports Bitcoin moving into support after rejection from the sell wall at $86.5K, with bitcoin:native metrics showing large buy orders clustered around $81K that have been waiting to absorb downside pressure.

These on-chain bids align with historical Glassnode analysis of Bitcoin support levels during the past year, where similar clusters have repeatedly limited deeper corrections in BTC price action.

On the 4h chart, price at $82373.24 sits just above the EMA200 at $82179.85 while the EMA50 at $84387.13 acts as overhead resistance; RSI at 28.0 flashes oversold and MACD remains in bearish death cross territory inside the Bollinger bands, pointing to a likely test of the lower band support at $81838.73 before any sustained recovery attempt in BTC price prediction models.