Glassnode’s difficulty ribbon compressions metric is derived from Willy Woo’s difficulty ribbon. BTC confluence detector shows a lack of strong resistance to $12,000. Glassnode, a cryptocurrency analytics firm, tweeted the following this Monday, which has had the entire bitcoin community in a frenzy: {tweet} So, what exactly is this difficulty ribbon and how can it help us with our price prediction? Let’s take a look. Bitcoin difficulty ribbon As Glassnode notes, their difficulty compressions metric is derived from Willy Woo’s difficulty ribbon. Periods of high ribbon compression historically signal good buying ... (full story)