Glassnode: Bitcoin is still in a relatively early price discovery stage
2024/04/12 15:52
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Finance reported that data analysis company Glassnode issued an article on the X platform saying that compared with historical cycles, Bitcoin is still in a relatively early price discovery stage. Data shows that in previous mania stages, Bitcoin prices have experienced retracements of more than 10% many times, with most of the retracements being larger, and retracements of more than 25% being very common. In this cycle, since Bitcoin broke through its all-time high, there have been only two corrections of about 10%.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$78,044.38
+0.19%
Ethereum
ETH
$2,441.25
-0.15%
Tether USDt
USDT
$0.9996
-0.01%
BNB
BNB
$684.79
-0.27%
XRP
XRP
$1.37
+0.16%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$101.92
-0.56%
TRON
TRX
$0.3262
-2.16%
Hyperliquid
HYPE
$83.45
+2.99%
Zcash
ZEC
$850.22
+3.49%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now