The co-founders of the crypto analytics platform Glassnode say Bitcoin (BTC) is at an important inflection point.
Jan Happel and Yann Allemann tell their 56,600 followers on the social media platform X that a BTC accumulation phase is underway, with a big move on the horizon.
“Navigating the Directionless.
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BTC’s price resurgence finds equilibrium at $25,824, forming a potential launchpad. Multiple rejections at $25,000 reveal savvy accumulation in progress.
Yet, neither bulls nor bears show dominance; a battle at play. The why? Bullish momentum might be losing vigor.
Brace for a decisive move.”
Source: Negentropic/X
Bitcoin is trading at $25,696 at time of writing.
In an earlier tweet, the two co-founders outlined two levels that could determine whether Bitcoin takes a bullish or bearish path
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