Content overview: “Bitcoin Faces $85,000–$87,500 Supply Test After $80,000 Rebound, Glassnode Data Shows”. Bitcoin's recovery above $80,000 has put the cryptocurrency on a collision course with a major supply wall between $85,000 and $87,500, according to blockchain analytics firm Glassnode. In a report published on October 21, Glassnode identified this overhead resistance zone as a key hurdle for further upside. The analysis suggests that many investors who bought Bitcoin at higher prices may be looking to sell near breakeven, creating significant selling pressure.
The $80,000 level has emerged as a short-term support after a wave of buying interest, but Glassnode's data indicates that the path higher is not clear. The $85,000–$87,500 range represents a cluster of previous transaction activity, making it a critical test for market sentiment. If Bitcoin can absorb the supply and break through, it could signal renewed bullish momentum. The full version stays on the original page, which this listing opens directly.