Bitcoin is now navigating between optimism and risk
The rise in the price of bitcoin excites the market, but... Beware! There could be corrections.
The recent surge in the price of bitcoin ($BTC ) —which is trading at nearly $97,000 at the time of this publication— has sparked enthusiasm in the market.
Bitcoin is now navigating between optimism and risk
The rise in the price of bitcoin excites the market, but... Beware! There could be corrections.
Bitcoin has been filled with renewed momentum, but it must be taken with caution.
The momentum of bitcoin is already encountering resistances.
These levels represent a critical turning point that must be maintained.
The recent surge in the price of bitcoin (BTC) —which is trading at nearly $97,000 at the time of this publication— has sparked enthusiasm in the market.
The digital currency is at price levels not seen in over 2 months:
However, the analysis firm Glassnode in its report warns that this rise faces its first significant resistance, and a correction could be on the horizon if the price fails to consolidate above critical thresholds.
The analysis details the current state of the market, the technical and on-chain indicators that set the course, and the risks that investors should consider at this pivotal moment.
