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Monday, March 4, 2024
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Bitcoin Entering 'Uncharted Territory' As Glassnode Foresees $32,700 And Beyond

Bitcoin (CRYPTO: BTC), could be on the verge of a significant upswing, according to the co-founders of data analytics company Glassnode. This comes as Bitcoin (CRYPTO: BTC) exhibits signs of gaining momentum.

What Happened: Glassnode co-founders Jan Happel and Yann Allemann have identified a historically bullish indicator for Bitcoin. They pointed out that the digital currency has successfully navigated critical resistance levels and is currently demonstrating increased momentum.

The experts centered their analysis on Bitcoin’s Relative Strength Index (RSI), an indicator used to assess asset momentum. They noted that Bitcoin’s RSI is currently above 70, which according to past patterns, ...

Full story available on Benzinga.com


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