Bitcoin Under Pressure: Technical Signals Suggest Bearish Trend

New research from Glassnode suggests Bitcoin could be headed for a decline, based on market signals indicating a weakening trend over the past month. Their analysis uses volume-weighted average prices (VWAP) to track market sentiment and offers insights into potential future movements. 🤔 📈 This method has historically shown correlations with periods of three to six month declines in Bitcoin’s price.