Bitcoin Must Maintain $30K Support To Avoid Major Sell-Off, Glassnode Warns

0
15
Crypto analytics company Glassnode has identified a critical resistance threshold for Bitcoin (CRYPTO: BTC) amidst its downward trend, with the cryptocurrency having dipped to levels around $36,000 on Friday. Why It Matters: Glassnode warns that Bitcoin’s transaction data shows $30,000 as a key support level, which, if BTC reaches it, could lead to a significant sell-off in the market. The firm’s dissection of Bitcoin’s Realized Price Distribution points to a bulk of Bitcoin accumulation between $25,000 and $31,000 levels. “We can see a significant accumulation of coins between $25,000 and $31…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.