• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Bitcoin

Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why

n70products by n70products
September 21, 2024
in Bitcoin
0
Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Glassnode co-founders Jan Happel and Yann Allemann lately indicated {that a} Bitcoin crash to $37,000 could be a very good factor. In addition they defined why they wouldn’t be unhappy about such a massive price decline for the flagship crypto. 

Bitcoin Dropping To $37,000 Would Be A Steal

Happel and Allemann talked about in an X (previously Twitter) post on their shared account {that a} Bitcoin worth drop to $37,000 could be a steal. They added that they received’t be “mad” concerning the worth crash as a result of it might give them an opportunity to buy more BTC at such low ranges. The Glassnode co-founders received’t hesitate to purchase the dip as they’re assured about Bitcoin reaching a new all-time high (ATH) on this market cycle. 

Associated Studying

In an earlier X put up, they acknowledged that Bitcoin’s subsequent run-up to $70,000 will probably see it break its present ATH of $73,000, reached in March earlier this yr. Happel and Allemann added that BTC’s parabolic rally could be pushed by a “robust altcoin undercurrent,” predicting that the altcoin season might happen quickly sufficient. 

The Glassnode co-founders might get their want of Bitcoin dropping to $37,000 earlier than hitting a brand new ATH as crypto Zoran Kole lately predicted an imminent worth crash for the flagship crypto. Kole talked about in an X put up that he believes that the low $40,000 vary is coming subsequent for Bitcoin. 

The analyst additional highlighted a “very clear” Head-and-Shoulders pattern creating on Bitcoin’s chart, which confirmed that the flagship crypto might drop to as little as $36,000. He added that this bearish sample “coincides with a yearly open retest with a robust case for a bounce proper under the present yearly low of $38,500.”

Bitcoin
Supply: X

Kole revealed that breaking the weekly bearish market construction might invalidate this commerce setup. Which means Bitcoin must rise above $65,000 to substantiate a bullish reversal. Crypto analyst Jelle additionally suggested that $65,000 is the extent Bitcoin wants to interrupt above to take pleasure in a parabolic rally to a brand new ATH. 

BTC Breakout To Occur In Subsequent “Few Weeks”

Crypto analyst Rekt Capital has supplied a extra bullish outlook for Bitcoin, stating that historical past suggests the BTC breakout might occur within the subsequent few weeks. He additionally revealed that Bitcoin is near reclaiming the reaccumulation vary and resynchronizing with post-halving worth tendencies. This might result in the parabolic uptrend, which the analyst had beforehand talked about is the following stage of the halving cycle. 

Associated Studying

In one other X put up, Rekt Capital indicated that it was vital for Bitcoin to shut this month above the quarterly level at $58,800. He acknowledged {that a} shut above this worth degree would totally affirm Bitcoin’s profitable retest of this worth vary as assist. 

On the time of writing, Bitcoin is buying and selling at round $58,400, down over 2% within the final 24 hours, based on data from CoinMarketCap.  

Bitcoin price chart from Tradingview.com
BTC bulls vie for management over worth | Supply: BTCUSD on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: BadBitcoinCrashFoundersGlassnodeHeresWouldnt
Previous Post

Judge Extends Deadline for U.S. Securities and Exchange Commission To Produce Documents in Coinbase Court Battle

Next Post

Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin

Next Post
Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin

Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge

XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge

May 10, 2025

Crypto Analyst Warns That Bitcoin Could Crash To $42,000 If This Happens

August 3, 2024
Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

February 14, 2025

Recents

Robinhood acquires crypto exchange Bitstamp for $200M

Robinhood acquires crypto exchange Bitstamp for $200M

June 2, 2025
Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says

Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says

June 2, 2025
SEC faces criticism on crypto staking guidance

SEC faces criticism on crypto staking guidance

June 2, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version