On-chain analytics firm Glassnode released its weekly report on the 26th, stating that the cryptocurrency market has recovered and returned to a neutral zone.
Glassnode pointed out that Bitcoin (BTC) recorded a 26% rise from its mid-August lows, triggered by a record number of forced liquidations of short positions. The firm also analyzed that the resistance levels during this recovery phase are between $81,000 and $86,000.
Firstly, on August 19...
