On-chain analysis platform Glassnode stated that current data indicates that the rise of Bitcoin (BTC) may continue.
Glassnode dated December 21 in your post current on-chain data focused. of Bitcoin realized market value Stating that it paints a positive picture, the platform said, a consistent comparison with historical data made.
These data, called realized market value, are obtained by dividing the current price by the supply in circulation. 2016 And 2019 While it is stated that it is similar to the years bullish signals place was given.
The data in question 2017 And For 2020 bulls Pointing out that it is an important indicator, Glassnode said that current data follows the same cycle he emphasized.
Even before the past bull runs, the Bitcoin price was an indicator of realized market capitalization. adopted as support and this support followed the upward movement for a long time.
According to current data, the Bitcoin price has again exceeded the realized market value and if it does not break this support, the market will collapse. surrendering to the winds of rise Waiting.
