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‘Insanely bullish’: Glassnode CTO predicts BTC price will rise 10X from here

Published 12/10/2020, 11:20 PM
Updated 12/12/2020, 01:40 AM
‘Insanely bullish’: Glassnode CTO predicts BTC price will rise 10X from here
BTC/USD
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The chief technical officer of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin (BTC) market indicators as “insanely bullish,” and predicted prices are set to increase by more than 10 times.

On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six of “the most important on-chain market indicators that are currently hovering at the same levels they were at the start of 2017.”

Bitcoin’s Net Unrealized Profit/Loss: Glassnode

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