TechFlow reports that on April 24, Glassnode stated Bitcoin is currently exhibiting a bullish signal, with its Vector framework having triggered a clear signal. Specifically, the momentum indicator is considered bullish when above 0.5 and bearish when below -0.5; its current value stands at 1. Meanwhile, the risk index has fully reset to 0. Glassnode noted that, as indicated by the blue shaded area on the chart, historically, this signal has corresponded with significant price rallies and provided a reference for avoiding downside risk during market downturns.
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