Glassnode: Bitcoin Shows Bullish Signal as Vector Framework Momentum Indicator Rises to 1
Source:
x.com
Glassnode states that 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 notes that, as shown by the blue shaded area on the chart, historically, this signal has corresponded with significant price rallies and has served as a reference for avoiding downside risk during market downturns.