Explosion Occurred in Bitcoin After Glassnode: Data That Knew Rise in Advance! - Coin Bulletin

After the data shared by Glassnode yesterday, the rise in Bitcoin clearly demonstrated the effect of the indicator

Bitcoin has left behind the consolidation process and reached an all-time high by exceeding $103,000. This surge, following the rise signals of Glassnode's SOPR Momentum data, confirmed the generally positive sentiment in the market. Investors are hopeful for new highs with this rapid increase, and the increasing volume of Bitcoin is attracting attention.

Experts say that the acceleration of SOPR Momentum is continuing to push the price up without being affected by investor profit pressures. Especially the recent positive market sentiment has paved the way for Bitcoin to make a strong breakout from the consolidation around the $90,000 level.

After the record of $103,000, analysts say that corrections are possible in the short term in the technical outlook of Bitcoin, but higher levels can be targeted in the medium term. The most important factors closely monitored by the market at this point are institutional interest and macroeconomic developments.

This historic leap of Bitcoin shows that the cryptocurrency market continues to mature and forms a strong foundation for new highs.