Glassnode: BTC Accumulation Trend Score Turns Higher

Glassnode data reveals the Accumulation Trend Score shifting toward 1 across cohorts as Bitcoin price entered the $60k zone in early June, confirming broad on-chain accumulation rather than distribution.

Bitcoin on-chain accumulation during $60k corrections history repeats here, with entities absorbing supply instead of selling into weakness and supporting BTC price prediction frameworks that factor in sustained demand.

Price action at $66621.86 tests upper Bollinger resistance at $66462.12 while RSI(14) prints 71.28 in overbought territory and MACD holds its golden cross; a healthy retracement to EMA50 support at $64266.47 looks probable before further continuation.