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Home » Glassnode Reveals Their Bearish and Bullish Projections for Bitcoin Here are the Key Thresholds to Monitor
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Glassnode Reveals Their Bearish and Bullish Projections for Bitcoin Here are the Key Thresholds to Monitor

By adminJul. 3, 2024No Comments1 Min Read
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Glassnode Reveals Their Bearish and Bullish Projections for Bitcoin Here are the Key Thresholds to Monitor
Glassnode Reveals Their Bearish and Bullish Projections for Bitcoin Here are the Key Thresholds to Monitor
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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.

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