Glassnode Co-Founders Say September Could ‘Bring Good News’ for Bitcoin – But There’s a Catch


The co-founders of the crypto analytics firm Glassnode think Bitcoin (BTC) could have a strong performance next month.

Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that Bitcoin’s momentum indicator, the relative strength index (RSI), is flashing bullish for the king crypto heading into September, which begins Friday.

However, the co-founders warn if Bitcoin dips below the key level of $25,500 a move to the upside could prove difficult.

“Decoding Bitcoin’s August Trends: What’s Next?

Introduction: Bitcoin’s journey in August has caught the attention of the crypto world. Like a memory from June 2022, the daily relative strength index (RSI) makes people wonder about September. Questions arise about pain below $25,500 and the lack of buy orders above $26,000.

Charts and Now: The charts suggest weaker short-term energy, possibly affecting the $25,200 level. This is different from the neutral long-term view.

Outlook: September could bring good news as the RSI hints at a possible…

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