Bitcoin Could Skyrocket To ‘Unprecedented Heights – Glassnode Co-Founders
Blockchain analytics firm Glassnode’s co-founders, Jan Happel and Yann Allemann, are bullish on Bitcoin (BTC), predicting that it could hit a new all-time high of $75,000 if it overcomes the resistance level at $72,000.
They predict BTC to range between $64,000 and $72,000, giving altcoins a chance to shine. If BTC breaks above this level, it could trigger a short-squeeze, propelling BTC to unprecedented heights.
The co-founders also warn that upcoming US inflation data could have a negative impact on the wider crypto market, potentially causing a crypto sell-off.
They also suggest that the BTC/gold ratio, which compares Bitcoin to gold, could rise approximately 2.24x over the coming months, suggesting that BTC could be 65x the price of gold at the end of the crypto bull cycle, implying more than double the performance of BTC compared to gold.
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