Glassnode: Bullish Bitcoin Quantitative Model Triggers Clear Uptrend Signal
BlockBeats News, April 24, Glassnode released an analysis pointing out that for the bullish Bitcoin, its Vector quantitative model has triggered a clear signal, with momentum reaching 1 to trigger a bullish indicator, while the risk index in the model is 0. Historically, this signals an imminent significant uptrend.
The Vector quantitative model is Glassnode's trading model used to assess Bitcoin trends (momentum) and risk. It outputs two key numbers: momentum to measure the strength of an uptrend or downtrend, and the risk index to gauge whether the market is overheated, in a bubble, or about to pull back. Currently, Bitcoin is in a strong uptrend state (momentum=1) with no overheating risk (risk=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.
You may also like
BitFuFu reported Q2 revenue of 42.76 million USD and a net loss of 20.54 million USD.
Tres Tentos Agroindustrial releases investor presentation factsheet
PDG Realty clears June 30 interim financial statements for release
Norion Bank completes acquisition of Strand Kapitalförvaltning
Crypto prices
More
