🧵 1/ Glassnode co-founders predict $100,000 for Bitcoin by 2025, but warn of rising risk levels that could lead to short-term dips before potential rallies. #crypto
🧵 1/ Glassnode co-founders predict $100,000 for Bitcoin by 2025, but warn of rising risk levels that could lead to short-term dips before potential rallies. #crypto
🧵 2/ The risk index for Bitcoin has surged, suggesting a possible correction in price, creating opportunities for strategic entry points for investors.
🧵 3/ Despite bullish news, Glassnode advises caution due to high risk levels, signalling a potentially bearish momentum for Bitcoin.
🧵 4/ Watch out for bull traps warns Glassnode co-founders as they suggest using pullbacks as entry points, especially advising against leveraging.
🧵 5/ Bitcoin is currently at $58,133, facing a 2.2% decrease in the last 24 hours, with co-founders highlighting the importance of monitoring risk levels.
🧵 Read more at: https://dailyhodl.com/2024/08/16/100000-bitcoin-incoming-according-to-glassnode-co-founders-but-theres-a-catch/