Crypto

Bitcoin remains rangebound as $80,000 seen as key pivot

Bitcoin is struggling to find direction between upper resistance and lower support, with $80,000 viewed as a key pivot. Glassnode said the market is caught between strong selling pressure and a thick support line. Resistance is seen near $88,000 and $100,000, while support is underpinned around $78,000 to $81,500. Liquidation clusters around $80,000 and $88,000 could amplify moves. U.S. spot bitcoin ETF flows have turned to outflows after earlier inflows.

Crypto

Bitcoin fails fourth attempt to break $87,000 as new money inflows hit limits

Bitcoin\'s recent rise appears to rely more on trading among existing holders than on fresh capital inflows, according to analysis cited by Cointelegraph. Glassnode estimated that bitcoin realised market capitalisation rose by $12.8 billion over 30 days through Oct. 5, while new inflows were about $4.9 billion. Bitcoin failed four times to break above $87,000 since Sept. 21 and was around $83,000 at the time of writing.