Glassnode founder Yann Allemann stated that Bitcoin (BTC) reaching $28,660 is a major bullish signal.
Yann Allemann, founder of on-chain analytics platform Glassnode, made a statement on his Twitter account on September 14. in sharingfor big bullish signal in Bitcoin required price level explained.
Allemann wrote in the post that Bitcoin $25 thousand support Emphasizing that it started to rise after retesting its level $26,200 He stated that he was facing resistance. However, shortly after the sharing, Bitcoin 26,200 Breaking the dollar resistance level 26,850 It rose to the dollar.
The next level mentioned by Allemann is $28,660 happened. In the present case $26,200 resistance Breaking Bitcoin’s new target $28,660 The founder stated that this situation is also a bullish signal He stated that:
A strong breakout could lead to an increase towards the $28,660 target. This could give a big bullish signal.
With these comments, Allemann said that Bitcoin the downward trend has reversed and an important entered an upward trend He hinted that it might be.