Bitcoin: Glassnode identifies a resistance at $87,700 and a support at $80,000

The cryptocurrency market faces a significant obstacle, as several groups of investors seek to recover their purchase price. According to Glassnode, this situation is currently slowing Bitcoin's progress to around $87,700. Holders who entered the market recently exert selling pressure when prices reach their breakeven threshold. Meanwhile, on-chain data reveal several support levels likely to influence the market's next movement.

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