$BTC 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 unleashed enthusiasm in the market.

The digital currency, as can be seen in the image below, is at price levels not seen for more than 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 are guiding the direction, and the risks that investors must consider at this pivotal moment.