Glassnode: Bullish Bitcoin, Quantitative Model Triggers Clear Uptrend Signal

BlockBeats News, April 24th, Glassnode released an analysis indicating that for the bullish Bitcoin, its Vector quantitative model has triggered a clear signal, with momentum reaching 1 triggering the bullish indicator, while the risk index in the model is 0. Historically, this signifies an imminent significant uptrend.

The Vector quantitative model is Glassnode's trading model used to assess Bitcoin trends (momentum) and risk. It outputs two key numbers: momentum to measure the strength of an uptrend or downtrend, and a risk index to gauge whether the market is overheated, in a bubble, or about to retreat. Currently, Bitcoin is in a strong uptrend state (momentum = 1) without any overheating risk (risk = 0).