Glassnode co-founder Yann Allemann stated that Bitcoin (BTC), which has been flat for a while, may be on the verge of a big explosion.
Yann Allemann, Bitcoin price bullish is ready for a move suggested. A recent social media in sharingBitcoin 35 thousand dollars Expressing that he was consolidated before, the founding partner could not hide his excitement. Allemann, on the market dollar liquidity has also increased. pointing this situation to a serious rise trigger to its potential described it as an important piece of data.
Dollar market liquidity is slowly increasing and Bitcoin has the potential to spark a significant move. Could this be the anticipated catalyst on the road to $35,000? The long-term trend shows that the consolidation process will lead us to higher prices, but bullish buyers need to step in first.
On the other hand, the 50-day moving average (MA50) After such consolidated situations under big moves coming reminding Allemann, on the chart past in the periods marked similar situations. Also, on the basis of this bullish forecast, short directional positions are exhausted and by now support levels work very well added.
On the other hand, Allemann detailed this thesis in a blog post. Bitcoin sees bottom and your price 50 and 200 Simple Moving Average (SMA) He said he was holding onto it very strongly. Protecting our support area uptrend stressed that it was confirmed.
According to CoinGecko data, in the last 24 hours 2.2% rising Bitcoin, at the time of writing at $27,398 is being traded.