Bitcoin (BTC) Price Prediction: This Level Comes Next According to Glassnode Co-Founder


16 Sep 2023 11:55 AM

Bitcoin's price might be claiming a very important level next, according to Glassnode's co-founder....

  • Bitcoin's price has been increasing since September 12th and is currently trading at around $26,500.
  • Glassnode's co-founder predicts that Bitcoin may claim an important level and break beyond $27,000.
  • The US Consumer Price Index (CPI) increased by 0.6%, causing some fluctuation in Bitcoin's price.
  • The core CPI, excluding volatile sectors, saw a yearly increase of 4.3% while the overall CPI was 3.7%.
  • The news initially had little impact on Bitcoin's price, which settled at its previous trading level.
  • Glassnode's co-founder believes that Bitcoin's climb is a step towards breaking the psychological barrier at $30,000.

The sentiment of the article is generally positive, highlighting the recent increase in Bitcoin's price and the bullish prediction made by Glassnode's co-founder.

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What is the current price of Bitcoin?What led to some fluctuation in Bitcoin's price?What is the yearly increase in the core CPI?What level is Bitcoin aiming to break beyond?What does Glassnode's co-founder believe is the next psychological barrier for Bitcoin's price?

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