["Bitcoin Never Stops": Glassnode Indicators Show Bullish Optimism]
Bitcoin (BTC) has maintained a stable performance over the past 15 years, has extremely high technical stability, and has the potential for monetary growth in the medium term.
Market Type: The current score is 7, the same as last week but below the 52-week average of 41, indicating relatively stable market conditions.
Market Risk: The indicator remains at zero, indicating lower risk, down significantly from last week's high risk score of 50 and below the 52-week average of 22. This means that Bitcoin is now a relatively safe investment option.
Price Momentum: The indicator reads -24 which, although bearish, is an improvement from last week’s -60 and shows positive dynamics. The 52-week average is 18, suggesting there may be hope when momentum turns positive.
On-chain fundamentals: The score of 54 is neutral, in line with last week and the 52-week average of 52. This suggests Bitcoin’s network activity and health are stable, with a balanced outlook and recovery potential.
Markets got off to a rocky start this week, with many assets entering into minor corrections. However, the situation may improve and it usually takes a few days to see the effects of the inflow.
Overall, Bitcoin demonstrates stable technical and fundamental fundamentals in the current market environment, and despite bearish price momentum in the short term, medium-term growth potential remains.
