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Bullish Sign for Bitcoin, Bearish Sign for Gold? Glassnode Evaluated the Latest Data!
While Bitcoin experienced a retreat following the economic data from the USA, it continues its horizontal movements between $ 27,000-28,000.
At this point, some analysts expect a decrease in BTC, while some analysts say they expect an increase.
One of those expecting a rise was Glassnode co-founder Yann Allemann.
Comparing Bitcoin and gold, the analyst said that the BTC-Gold rate looks ready to make a significant jump.
Stating that this bullish feeling is supported by basic indicators, Allemann stated that RSI and MACD indicators also give a bullish signal.
In this context, Allemann stated that Fibonacci levels give possible levels for gold and BTC, and thinks that if gold is priced around $ 1,200, Bitcoin can rise to around $ 120,000.
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