Glassnode: Bullish Bitcoin, Quantitative Model Triggers Clear Upward Signal

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BlockBeats News, April 24, Glassnode released an analysis stating that it is bullish on Bitcoin. Its Vector quantitative model has triggered a confirmed signal: when momentum reaches 1, it activates the bullish indicator, while the risk index in the model is 0. Historically, this marks that a major uptrend is imminent.

The Vector quantitative model is a trading model used by Glassnode to judge Bitcoin’s trend (momentum) and risk. It outputs two key numbers: momentum is used to measure the strength of upward or downward movement, and the risk index is used to determine whether the market is overheated, bubble-like, or about to undergo a pullback. Currently, Bitcoin is in a strong uptrend (momentum=1) and has no overheating risk (risk=0).

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