Reduce the downward pressure on bitcoin, according to the founders of Glassnode-but there is hunting
The co -founder of Market Intelligence Glassnode says that BTC suddenly looks less down based on a main scale.
In a new thread on the social media platform X, Jan Happel, and Yann Alleman – who pass through the Negentropic handle – He says Bitcoin risk signal sheds.
Bitcoin risk signal, based on “a group of royal indicators, including bitcoin price data, series data and selected set of other trading measures”, opposes whether BTC is at risk of a significant price decrease.
However, the two analysts say that before confirming the reflection of the upward trend, Bitcoin needs to heart $ 100,000 to support.
Good news and bad news – which one you want first?
Good: The risk index has decreased to less than 25, which means that the declining pressure has decreased significantly.
Bad (or perhaps not very bad): BTC Futures-To-SPOT is a higher increase in future decades than the point, indicating that this recovery is driven by future contracts. Meanwhile, short pants accumulate over $ 99,000 -100,000 dollars, which may hinder pressure.
With BTC recovery 97200 dollars -98,500 dollars, keeping this level is the key-but until $ 100,000 is broken, we cannot confirm the reflection of the direction. “
Analysts also He says Bitcoin needs immediate trading volume to increase higher price levels as support.
“Every recovery is weaker, which indicates that there is no size for a stronger move …
Until 97,000 dollars-98,500 dollars are recovered, $ 92,000 is still the main negative level of viewing. “
Bitcoin is traded for $ 98,336 at the time of writing this report, an apartment per day.
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