Summary
- The founder of Glassnode stated that Bitcoin will rise to $110,000 if it holds $102,500.
- Bitcoin is experiencing a correction at $108,000, and the current major support level is around $101,500 to $102,500.
- He emphasized that if this support level breaks, a significant drop could occur.
There is a claim that Bitcoin will rise to $110,000 if it holds $102,500.
On the 17th (local time), Negentropic, the founder of Glassnode, stated on X, "Bitcoin is experiencing a correction after reaching $108,000," and added, "The current major support level for Bitcoin is around $101,500 to $102,500." He further explained, "If it holds this range, it will rise to $110,000," and warned, "If the support level breaks, a significant drop could occur."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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