XRP Market Structure “Quite Comparable” To April 2022, According to Glassnode
XRP’s Current Market Analysis XRP has dipped below $1.60, prompting on-chain analytics firm Glassnode to draw attention to similarities with the market structure observed in April 2022. XRP Approaches Realized Price In a recent update on X, Glassnode discussed XRP’s trading position concerning its realized price. This metric represents the average acquisition price across addresses […]
BTC Market Update: Week 38 – Glassnode Analysis
Market Update Recently, the market bounced back to $116K, fueled by predictions of a potential rate cut by the Federal Reserve, but it’s now encountering some new selling pressure. Overview In the spot market, the Relative Strength Index (RSI) has climbed into a bullish territory, though the Cumulative Volume Delta (CVD) is showing signs of […]
Glassnode Model Indicates Bitcoin Correction Likely: Key Levels to Monitor
Bitcoin has made a comeback, rising above $104,000 after a tumultuous trading week. The cryptocurrency market saw significant declines on Thursday, with Bitcoin dipping to around $101,000. This was largely fueled by a heated exchange between former President Donald Trump and Elon Musk regarding a GOP tax bill. While there have been some modest rebounds […]
Glassnode Issues Bitcoin Alert, Says BTC Now Close to ‘Turning Point’ That Often Signals Shift in Market Trend – The Daily Hodl
Analytics firm Glassnode is warning that Bitcoin (BTC) is approaching a critical juncture that previously signaled the end of the bull market. Glassnode said on social media platform Ta. . According to Glassnode, historical data show This means that Bitcoin tends to enter bearish territory when its price falls below the value of the indicator. […]
Why Bitcoin Could Reach Historic Highs: A Glassnode Analysis – Cointribune EN
8:30 p.m. 3 Takes a few minutes to read ▪ Luc Jose A. Bitcoin is on the brink of a historic milestone that will propel it to unprecedented heights. The co-founder of Glassnode, a company that specializes in blockchain analytics, recently expressed unprecedented optimism about the future of the flagship cryptocurrency. With technical resistance to […]
Technicals Suggesting Altcoins May Be on the Verge of a ‘Massive Move,’ According to Glassnode Founders – The Daily Hodl
According to a veteran cryptocurrency analyst, technical signals suggest that an altcoin price explosion is on the horizon. Glassnode co-founders Jan Happel and Jan Alleman, who go by the handle Negentropic on social media platform He said there is a high possibility that Analysts say ALTS (TOTAL3), which represents the market capitalization of crypto assets […]
Bitcoin could soon 'BLOW higher' on bullish candle hammer: Glassnode execs – Cointelegraph
Bitcoin (BTC) traders are pointing to a “bullish candle hammer” appearing on Bitcoin’s weekly price chart, which could signal a possible reversal of last month’s downtrend. It is said that “Bitcoin still looks like it’s going to skyrocket,” Jan Happel and Yana Aleman, founders of market intelligence firm Glassnode, wrote on their shared X account […]