Glassnode analyst: BTC breaking through a new ATH value historically represents a transition point from "enthusiastic bull" to "excited bull"
Glassnode, a blockchain data analysis company, analyst Checkmatey stated in a post that the breakthrough of Bitcoin's new ATH value represents a transition from a "passionate bull" to an "excited bull" in history. This also coincides with the MVRV ratio exceeding one standard deviation, but we rarely break it on the first attempt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Potential X1000 Growth: SoluAI’s Decentralized AI Revolution
Cardano and XRP Have Become “Boomer Coins,” Newcomers Are Betting Big on This Token Instead
Earnings season takes back seat to interest rate, tariff concerns
Investors evaluating tariff risks has contributed to market volatility over recent weeks
BTC sinks after a quiet week. But now what?
“Crypto prices often rally into the spring before declining into summer,” Compass Point analysts wrote
Trending news
MoreCrypto prices
More
