Crypto
Bitcoin slips to $83,000; Glassnode says check real buying demand
Bitcoin has slid back to around $83,000, and support at that level should be judged by examining both the amount of holdings clustered near the price and the real buying demand that can absorb them, an analysis said. On-chain analytics firm Glassnode set out the criteria ahead of the U.S. Federal Reserve’s Oct. 27-28 meeting, stressing that price moves and rising volume alone do not prove buyer dominance.
