Major Move Coming for Bitcoin (BTC) As Market Forms Bullish Pattern: Glassnode Co-Founder

A crypto analytics firm Glassnode co-founder says Bitcoin (BTC) is gearing up for a bull run after a dip down. Pseudonymous crypto analyst Negentropic, one of Glassnode’s co-founders, tells his 55,200 Twitter followers that after Bitcoin’s plunge to the $25,000 level the king crypto is likely setting up for a rally. He shares a chart that shows Bitcoin is retesting a “neckline” and likely entering a consolidation phase before rallying upward. In technical analysis, a neckline is a trendline drawn below a head and shoulders pattern and used as a key indicator of a trend reversal. “Statement: BTC started the