The creators of one of the top on-chain analytics firms in the crypto space believe that Bitcoin is gearing up for an explosive move to the upside.

According to the Glassnode co-founders, the macro backdrop is starting to look favorable for BTC by market cap.

“$25,800 still remains a possibility, as indicated by the options market. Confident in our mid-term outlook of $35,000 as external pressures subside. Market pricing Fed pause in June, no rate cut – optimal for the run to $35,000 for summer."

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