Glassnode: Altcoin Season Signal Flips from Bitcoin
Glassnode confirms altcoin season flip as broad rally ignites altcoins while Bitcoin trades at $86472.27 with RSI at 84.9.
SourceAnalysis
Glassnode data shows the altcoin cycle signal has flipped from bitcoin to altcoin season, with today's rally driving full market breadth after August's flat altcoin response to BTC moves.
Bitcoin holds at $86472.27 inside its Bollinger band with upper resistance at $86876.5; the overbought RSI(14) at 84.9 alongside the MACD golden cross at 1962.25 points to probable retracement toward EMA50 support at $80389.63 before continuation.
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