The co-founders of the crypto analytics platform Glassnode believe that for Bitcoin (BTC) to enter a strong uptrend, key metrics need to align.
Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,100 followers on the social media platform X that based on historic precedence, three elements must line up for Bitcoin to take off on a sustained bull run.
The analysts include the Bitcoin Risk Signal as a key element, which gauges whether BTC is at risk of a major drawdown in price. Glassnode says it is “based on a set of proprietary indicators, including bitcoin price data, on-chain data, and a selection of other trading metrics.”
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“For Bitcoin price to rally with conviction, we need an alignment of three
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