Glassnode says $80,000 is key Bitcoin level after hot CPI

The story so far: Bitcoin key technical levels

Glassnode flagged $80,000 as Bitcoin's key level to watch after September's hotter-than-expected CPI weighed on crypto, later noting seller capitulation during a decline. It now says the rebound faces firm resistance near $87,700, with support at $80,000-$81,500 and a break risking a slide toward $78,000.

1. 14 Oct 202623:25 UTC

   Glassnode says $80,000 is key Bitcoin level after hot CPI

   Glassnode says Bitcoin's most important level to watch sits near $80,000, with September's hotter-than-expected inflation reading weighing on the crypto market.

   BitcoinFFXStreetAIBearish

2. 16 Oct 202610:59 UTC

   Crypto rebounds after buyers defend Bitcoin's $80,000 level

   Bitcoin went into the weekend after absorbing the CPI and PPI shocks that shook global markets earlier in the week, with buyers defending the $80,000 psychological level.

   BitcoinFFXStreetAIBullish

3. 16 Oct 202611:53 UTC

   Glassnode says selling above $80,000 may mark a stage bottom for Bitcoin

   Glassnode said on X that seller capitulation appeared again during yesterday's Bitcoin decline, as it had at local bottoms in early, mid and late September. With profit-taking slowing since September's high, it said selling just above $80,000 may mark a stage bottom if the pattern holds.

   BitcoinOdailyAIBullish

4. 21 Oct 202611:02 UTC

   Glassnode says Bitcoin faces firm resistance near $87,700

   Glassnode says Bitcoin's rebound is meeting firm resistance around $87,700, the acquisition cost for buyers in the second half of 2025, with $87,490 and the 20-month moving average at $87,165 also capping gains. It puts support at $80,000-$81,500, the average cost for US spot ETF buyers, with a break risking a slide toward $78,000.

   BitcoinCoinNessAIBearish