Glassnode: Bitcoin Support Weakens Under $80K

Glassnode reports buyers refilling the bitcoin order book today as large bids that sat at $80k for the last week were filled and new large bids were placed, pushing price up systematically.

Price now sits at $82160.55 on the 4h chart inside a bearish trend where EMA50 at $82951.59 caps upside and EMA200 at $82241.92 offers thin nearby resistance, while the MACD death cross at -365.91 confirms momentum loss and neutral RSI at 46.59 leaves room for a test of the lower Bollinger band at $80702.63 as the $80k support level weakens.