Glassnode Founders Jan Happel and Yann Allemann, who use the Negentropic account on X, stated that the rise in Bitcoin could continue, even in the short term.

The duo, who evaluated the sharp rises in the largest cryptocurrency, said, “Is there more room for rise, or are we actually at the beginning of everything?” and used the following statements:

“There was a sharp break in Bitcoin. So is there more room to go? Or are we at the beginning of everything? We are looking at profit-taking levels to see if the weekend rises and today’s (*yesterday’s) rise are sustainable. So far, it is not as high as the level in the first quarter before the halving. This shows that there is more room for rise. Who is selling in the first upward bounce after a 7-month consolidation process?”

Reached $90,000

Bitcoin reached $89,500 at night, and rose to $89,800 on Tuesday morning and started to push the $ 90,000 limit. Yesterday also marked Bitcoin’s biggest single-day rise. The largest cryptocurrency rose $8,300 in one day.

Bitcoin was at $69,000 on November 5, the day of the US elections. The increase in a week was about $20,000.