The cryptocurrency market is buzzing with excitement as expert teams share their analyses, and the Glassnode team is no exception. Following a 7% surge in Bitcoin last week, the team suggests a potential continuation of the upward trend. On social media, they shared their insights, predicting a readiness for a rise based on fundamental indicator analyses.

According to analysts, Bitcoin is forming a bullish flag pattern, indicating a healthy correction before a potential rise. The recent candlestick pattern shows a long-wicked hammer, suggesting a reversal. The price has returned to the flag structure, indicating a potential rise. Analysts believe Bitcoin is nearing the end of a three-wave ABC correction, which often precedes a new rise in a rising cryptocurrency.

The team predicts Bitcoin could break the $65,000-66,000 levels, leading to a rise to $73,500, then $76,500, and potentially exceeding $85,000 before summer. Currently, Bitcoin's price stands at $62,439, with a 1% increase in the last 24 hours, and a market cap of $1.23 trillion. The 24-hour trading volume has also seen a 1% increase, leaving behind $25.9 billion. This minor change highlights the ongoing unease among investors, as they eagerly await the next move in Bitcoin's trajectory.

Bitcoin's price is poised for a potential upswing, with expert analysts predicting a bullish trend. Glassnode's founding team shared their insights, suggesting a readiness for a rise based on fundamental indicator analyses. With a bullish flag pattern and a long-wicked hammer candlestick, Bitcoin's price is expected to break the $65,000-66,000 levels, leading to a potential rise to $85,000 before summer. As investors eagerly await the next move, Bitcoin's price stands at $62,439, with a 1% increase in the last 24 hours.