Buyers Take Control: Indicator That Predicted Previous Bitcoin Rallies Fires Again 📈
Bitcoin surges above $104,000 fueled by easing US-China trade tensions and positive macroeconomics. The digital asset nears its all-time high, driven by renewed risk appetite across markets. Analysts highlight the significance of the Taker Buy Sell Ratio, indicating strong buyer control, while cautioning about potential volatility spikes.
Additionally, the realized price trend suggests heightened institutional investment, a departure from previous cycles that enhances market structure. Bitcoin’s rally is bolstered by capital inflows, including spot Bitcoin ETFs and corporate purchases. As broader macroeconomic support persists, indicators remain bullish for Bitcoin’s continued ascent in the near term.
Source: www.newsbtc.com ↗
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