Summary
- Glassnode co-founders suggested the $102,000 support line as a buying opportunity if Bitcoin falls.
- Bitcoin recently broke through $106,000, setting a new all-time high.
- They stated that Bitcoin's next target is between $108,000 and $110,000.
Recently, Bitcoin (BTC), which hit an all-time high, could see the $102,000 support line as a potential buying opportunity if it falls, according to some opinions.
On the 16th, Glassnode co-founders Jan Happel and Yann Allemann stated on X (formerly Twitter), "Bitcoin has closed above $100,000 for two consecutive weeks and then hit an all-time high," adding, "If Bitcoin tests $102,000 again this week, it could be a buying opportunity."
Earlier that day, Bitcoin temporarily broke through $106,000, setting a new all-time high.
The co-founders added, "Bitcoin's next rise will target between $108,000 and $110,000."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
