Glassnode analyst: Bitcoin could rise sharply again

Golden Finance reported that Glassnode analysts pointed out a historic bullish signal for Bitcoin (BTC), which had previously prompted an explosive rebound in BTC. Glassnode co-founders Jan Happel and Yann Allemann said that Bitcoin has “beaten” multiple key resistance levels and is now in a phase of building momentum. The two analysts focused on Bitcoin’s relative strength index (RSI), which is traditionally used to measure the asset’s momentum. Given that Bitcoin’s RSI is currently above the 70 level, analysts say that based on historical records, Bitcoin could rise sharply again.