Glassnode Co-Founders Break Down Bitcoin’s Latest Breakthrough, Say Solana (SOL) Is Next
The two founders behind a leading blockchain data firm are diving into what has fueled Bitcoin’s (BTC) most recent venture past $100,000. According to Glassnode co-founders Jan Happel and Yann Allemann, inflation data sparked this week’s BTC rally to over $100,000. “With inflation data meeting expectations, Bitcoin has surged back above $100,000! Next steps: Flip $102,000 into support, breaking the price compression below this zone. A loss of $100,000 could lead to a retest of the $97,200–$98,500 support, aligning with the lower end of the ascending channel. A daily close above $102,000 sets sights on $104,000, and eventually, the upper channel at $108,000. Will Bitcoin breakthrough pull back?” Source: Negentropic/X BTC is trading for $101,604 at time of writing, up 7% in the last two weeks. Moving on to top Ethereum rival Solana (SOL), Happel and Allemann say that SOL is eyeing a major rally as well. “SOL Eyes a Breakout...