Glassnode: Bitcoin Bear Market Recovery Signals

Glassnode dropped its latest Chart of the Week detailing Bitcoin bear market recovery historical patterns on-chain as the market climbs out of the recent drawdown.

Traders tracking BTC price prediction and crypto market crash aftermath now watch on-chain metrics from the analytics firm for confirmation that the bottoming process has matured.

Price action on the 4h chart shows BTC at $77271.73 inside the Bollinger Bands with upper resistance at $78046.4. The neutral RSI at 45.84 leaves room for continuation while the MACD golden cross at -177.65 signals building bullish momentum. A healthy retracement toward the EMA50 resistance at $78154.85 could clear the path before the next leg higher, with lower band support at $76256.45 acting as the immediate floor.