Glassnode has presented its latest analysis on Bitcoin, outlining crucial price levels at $60,000 and $64,000. Despite prevailing market indifference, Bitcoin remains 18% below its peak in March. According to Glassnode, investor sentiment hinges on Bitcoin surpassing $64,000. The firm highlighted that recent Bitcoin investors have faced substantial losses, pinpointing $60,000 and $64,000 as pivotal thresholds. Analysts noted that movement between these levels indicates market instability, with potential losses below $60,000 and profit opportunities above $64,000. Bitcoin is currently trading at $60,045. This analysis does not constitute investment advice. For trading in over 300 cryptocurrencies, register on Binance with a 20% commission discount through this link. For exclusive news, analytics, and on-chain data, follow our Telegram and Twitter accounts.
