Glassnode co-founders: BTC must reclaim $103K before targeting new ATH

For Bitcoin to set a new all-time high, it must first reclaim the $103,000 level, according to a statement from Negentropic, the X account of Glassnode co-founders Jan Happel and Yann Allemann. They added that a subsequent break above $106,000 could lead to a rapid move toward the $110,000 to $113,000 range. The analysts also noted that major altcoins, including ETH, will begin to show strength as BTC moves toward a new peak, advising that now is a time for patience.