Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Crypto Platform Bullish’s Second Quarter Earnings Beats Wall Street’s Estimates

19/09/2025

Ether eyes the $4,350 support amid bearish price action

19/09/2025

How experts believe Bitcoin and altcoins will react

19/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ether eyes the $4,350 support amid bearish price action

    19/09/2025

    Ethereum Foundation Launches AI Team, Underscoring Network’s Future Priorities

    19/09/2025

    BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

    18/09/2025

    P2P fast-tracks ETH staking as exit queue hits record highs

    18/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Telegram’s Pavel Durov Celebrates as TON-Based NFTs Show Stunning Price Spike

    18/09/2025

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Crypto Platform Bullish’s Second Quarter Earnings Beats Wall Street’s Estimates

    19/09/2025

    Ether eyes the $4,350 support amid bearish price action

    19/09/2025

    How experts believe Bitcoin and altcoins will react

    19/09/2025

    Ethereum Foundation Launches AI Team, Underscoring Network’s Future Priorities

    19/09/2025
  • Blockchain

    Novastro Partners with ICB Labs to Advance RWA Tokenization

    18/09/2025

    UN agency to upskill governments on crypto tech next year

    18/09/2025

    Creata Chain Collaborates with ZoroAI to Boost Interoperability Optimization, Cross-Trading Capabilities

    18/09/2025

    Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

    18/09/2025

    Datagram Network Taps Spheron to Drive Decentralized AI Compute

    18/09/2025
  • DeFi

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025

    Revolutionary Taiko Chainlink Integration Unlocks New DeFi Horizons

    18/09/2025

    L2 Closures and $100M GHO Push Spark Debate

    18/09/2025

    Botanix Launches Yield-Bearing Bitcoin Standard

    18/09/2025

    ETH Exit Queue Gridlocks As Validators Pile Up

    18/09/2025
  • Metaverse

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Crypto Platform Bullish’s Second Quarter Earnings Beats Wall Street’s Estimates

    19/09/2025

    How experts believe Bitcoin and altcoins will react

    19/09/2025

    Nvidia partners with UK crypto miner’s arm as part of AI push: Report

    19/09/2025

    Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

    18/09/2025

    Tokyo Fashion Brand Expands Into Bitcoin and AI

    18/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025

    Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

    18/09/2025

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Are Pure Play Bitcoin Miners Going to Reprice Like AI/HPC Miners?

    18/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    Crypto Platform Bullish’s Second Quarter Earnings Beats Wall Street’s Estimates

    19/09/2025

    Ether eyes the $4,350 support amid bearish price action

    19/09/2025

    How experts believe Bitcoin and altcoins will react

    19/09/2025

    Ethereum Foundation Launches AI Team, Underscoring Network’s Future Priorities

    19/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»Glassnode Co-Founders Weigh In On Bitcoin (BTC) Path To $30,000
Bitcoin

Glassnode Co-Founders Weigh In On Bitcoin (BTC) Path To $30,000

NBTCBy NBTC16/09/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin has had an eventful week, gaining by over 5% to trade above the $26,000 price. Even following the release of the US Consumer Price Index, which showed an inflation rise of 0.6%, the premier cryptocurrency remained resilient with little to no price drops.

As BTC now hovers around the $26,500 price mark, market analysts and crypto enthusiasts continue to speculate on the token’s next movement. 

Notably, co-founders of market intelligence platform Glassnode Jan Happel and Yan Allemann have plotted a possible path through which Bitcoin may return to $30,000 in the coming weeks.

Bitcoin’s Road To $30,000 Marked By Double Price Barriers, Analysts Say

Through a post on their shared account on X, known as Negentropic, the Glassnode co-founders stated that Bitcoin is currently targeting a move above $27,000, having reclaimed its support at $26,000 in the past week.

According to the analysts, the Bitcoin Risk Index has now dipped into the 60s, indicating there is an ongoing shift to a positive sentiment around the asset. This means that more investors are beginning to view Bitcoin as a favorable investment.

The US Consumer Price Index (CPI) jump by 0.6% was expected to stir the BTC price, and it has.

Reclaiming support above $26k, BTC’s now eyeing a breakout past $27k, potentially exiting a multi-week range.

Risk Signal’s nosedive into the 60s signifies this attitude shift. Profit… pic.twitter.com/BgrMq5Rb62

— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) September 15, 2023

If these sentiments translate into buying pressure, Bitcoin could embark on an upward trend. However, the Glassnode co-founders predict the token will face significant resistance at $27,400 and $28,200, as traders could opt to take profit at these price levels.

However, the analysts predict BTC will eventually overcome these barriers, pushing through to the $30,000 price mark, which they described as a “psychology barrier.” 

The last time Bitcoin traded above $30,000 was back in July. Since then, the world’s largest cryptocurrency has seen its price decline by over 17% due to multiple events, most notably, the massive Bitcoin sell-off by aerospace company Space X. 

Is A Bitcoin Rally Coming?

In other news, data from Into The Block shows that Bitcoin’s transaction fees for this week were valued at $6.3 million, representing a 40% increase on the last week. 

While a rise in transaction fees could represent network congestion, which is known to drive network users away, it could also mean there is a high level of adoption. 

Furthermore, Into The Block also reported that Bitcoin recorded exchange inflows of $10 million and outflows of $70 million. 

The high level of Bitcoin being moved off exchanges indicates rising investors’ interest in the cryptocurrency, which could also translate into a notable price gain.

However, it is worth stating that these are only predictions and should not be counted as investment advice.

At the time of writing, Bitcoin trades at $$26,537 with a 0.33% loss in the last day based on data from CoinMarketCap. The token’s daily trading volume is also down 12.86% and valued at $11.25 billion.

BTC trading at $26,516 on the hourly chart | Source: BTCUSD chart on Tradingview.com

Featured image from Pixabay, chart from Tradingview


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Crypto Platform Bullish’s Second Quarter Earnings Beats Wall Street’s Estimates

19/09/2025

Ether eyes the $4,350 support amid bearish price action

19/09/2025

How experts believe Bitcoin and altcoins will react

19/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.