Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns

2 days ago

Bitcoin has clawed its way back toward $70,000 aft

Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns

Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns

Bitcoin has clawed its way back toward $70,000 after a sharp slide to roughly $67,000, but Glassnode says the rebound still lacks the kind of demand profile needed to turn stabilization into a more durable recovery.

Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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