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

Glassnode identifies a resistance level for Bitcoin at $87,700, where several groups of investors seek to recover their purchase price, slowing progress. On-chain data also reveal support at $80,000, which could influence the market's next move. Recent holders exert selling pressure when prices reach their breakeven threshold, creating a significant obstacle for BTC.