Glassnode: Bitcoin Outperforms S&P 500 Again
Glassnode reports bitcoin has resumed beating the S&P 500 with more winning trading days than losses in recent weeks after its weakest stretch in June in over five years.
SourceAnalysis
Glassnode notes bitcoin is beating the S&P 500 again, winning more trading days than it lost over recent weeks after capturing just one day in five during June, its weakest stretch in more than five years.
Price sits at $80650.91 inside the Bollinger band with the upper resistance at $81093.77. The bearish structure keeps price below both the EMA50 at $81093.01 and EMA200 at $81742.92, yet the MACD golden cross at -312.53 and neutral RSI at 50.43 suggest any sustained push above the upper band could target the next resistance cluster while a failure risks a quick test of the lower band support at $79526.57.
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