.Negentropic_ Bitcoin (BTC) price sets stage for surge to $34K, Glassnode co-founder says BTC $BTC
Drawing from these facts, the Glassnode co-founder suggests the possibility of Bitcoin breaking above $31,250, thus providing a strong foundation for buyers to target the $33,000 and $34,850 resistance levels.
, in a recent tweet, highlights that Bitcoin is trading in a defined local range:"When anchoring from the November 2021 ATH, the Bitcoin spot price continues to oscillate between the -50% and -61.8% retracement levels, marking a defined local range."At the time of writing, BTC was up 1.19% in the last 24 hours to $30.708. In today's session, the largest cryptocurrency reached fresh yearly highs of $31,525 before falling slightly.
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