June 15 (Cointime) - According to Glassnode co-founders Yann Allemann and Jan Happel, Bitcoin is showing similarities to its pre-2020 breakout. Despite a 20% dip since reaching local highs of $31,000 in April, three BTC price metrics suggest optimism for the cryptocurrency. The relative strength index (RSI) is at levels that have led to major reversals and rallies, Cipher B readings are at levels that have also led to major reversals and rallies, and the Bitcoin Risk Signal is back at its September 4, 2020 position. Additionally, hodlers of all sizes are increasing their BTC exposure.
All Comments