Published by
Benzinga
Benzinga
In the wake of the recent cryptocurrency market downturn, Glassnode co-founders Jan Happel and Yann Allemann, operating under the Negentropic handle on X, shed light this week on potential short-term scenarios for Bitcoin(CRYPTO: BTC). Their analysis suggested that the leading cryptocurrency could be nearing its bottom. According to the co-founders, there are two possible short-term outcomes for Bitcoin: A gradual decline to the $24.8k – $25k rangeA swift, sharp drop that is quickly countered by buying pressureThe duo emphasized that, based on historical data, Bitcoin will find its bottom shor…