- Bitcoin’s Taker Buy Sell Ratio has risen over one.
- BTC remained in the $66,000 price range.
In the past few days, the price of Bitcoin [BTC] has fallen, hitting new lows each day. Despite the apparent decline, one metric suggests that the price might pick up soon.
Bitcoin takers and sellers
AMBCrypto’s analysis of the Bitcoin Taker Buy Sell Ratio on CryptoQuant showed a recent positive trend.
The chart indicated that at the end of trading on the 15th of June, the ratio was trending below one, signaling a bearish sentiment.
However, the metric has been rising as of the previous trading session.
Further analysis revealed that it had spiked above one on some exchanges, indicating a shift towards a bullish sentiment as more buy orders are being executed compared to sell orders.
Source: CryptoQuant
As of this writing, the BTC Taker Buy Sell Ratio has broken above one. This indicated that buying pressure was exceeding selling pressure across most of the exchanges.
This shift suggested that the market sentiment is becoming more positive, and it could lead to a potential price increase for BTC soon.
Inflows dominate, but there’s a catch
Bitcoin’s Exchange Netflow showed that it has been positive for the past few days. This indicated that more BTC is being sent to exchanges than withdrawn from them.
While this might initially appear to be a bearish signal, further analysis revealed that the inflow is still relatively low compared to the outflow in the last few weeks.
Source: CryptoQuant
Despite the recent increase in BTC being sent to exchanges, the overall trend of accumulation and withdrawal to private wallets remains strong, which could still support a bullish outlook for BTC.
Bitcoin remains bearish
AMBCrypto’s analysis of Bitcoin on a daily timeframe showed an overall decline in the past few days, with minor uptrends not being sufficient to stabilize it.
As of this writing, BTC was trading at around $66,360 despite a minor uptrend.
Source: TradingView
Read Bitcoin’s [BTC] Price Prediction 2024-25
Additionally, BTC’s support was now strained, as the price was resting heavily on it. The last support range is around $65,000, and Bitcoin is still trading above this level for now.
Furthermore, the Relative Strength Index (RSI) remained below the neutral line. As of this writing, the RSI is around 45, indicating that BTC is in a bear trend.
- Bitcoin’s Taker Buy Sell Ratio has risen over one.
- BTC remained in the $66,000 price range.
In the past few days, the price of Bitcoin [BTC] has fallen, hitting new lows each day. Despite the apparent decline, one metric suggests that the price might pick up soon.
Bitcoin takers and sellers
AMBCrypto’s analysis of the Bitcoin Taker Buy Sell Ratio on CryptoQuant showed a recent positive trend.
The chart indicated that at the end of trading on the 15th of June, the ratio was trending below one, signaling a bearish sentiment.
However, the metric has been rising as of the previous trading session.
Further analysis revealed that it had spiked above one on some exchanges, indicating a shift towards a bullish sentiment as more buy orders are being executed compared to sell orders.
Source: CryptoQuant
As of this writing, the BTC Taker Buy Sell Ratio has broken above one. This indicated that buying pressure was exceeding selling pressure across most of the exchanges.
This shift suggested that the market sentiment is becoming more positive, and it could lead to a potential price increase for BTC soon.
Inflows dominate, but there’s a catch
Bitcoin’s Exchange Netflow showed that it has been positive for the past few days. This indicated that more BTC is being sent to exchanges than withdrawn from them.
While this might initially appear to be a bearish signal, further analysis revealed that the inflow is still relatively low compared to the outflow in the last few weeks.
Source: CryptoQuant
Despite the recent increase in BTC being sent to exchanges, the overall trend of accumulation and withdrawal to private wallets remains strong, which could still support a bullish outlook for BTC.
Bitcoin remains bearish
AMBCrypto’s analysis of Bitcoin on a daily timeframe showed an overall decline in the past few days, with minor uptrends not being sufficient to stabilize it.
As of this writing, BTC was trading at around $66,360 despite a minor uptrend.
Source: TradingView
Read Bitcoin’s [BTC] Price Prediction 2024-25
Additionally, BTC’s support was now strained, as the price was resting heavily on it. The last support range is around $65,000, and Bitcoin is still trading above this level for now.
Furthermore, the Relative Strength Index (RSI) remained below the neutral line. As of this writing, the RSI is around 45, indicating that BTC is in a bear trend.
how can i get generic clomid price where can i buy cheap clomiphene buy clomid no prescription can i get generic clomid prices clomiphene for sale in mexico order cheap clomid tablets can you buy cheap clomid prices
Proof blog you procure here.. It’s intricate to find elevated quality script like yours these days. I justifiably respect individuals like you! Withstand vigilance!!
This is the make of delivery I unearth helpful.
zithromax price – tinidazole 500mg pills generic flagyl 400mg
rybelsus pills – buy semaglutide 14mg cyproheptadine 4 mg for sale
order domperidone pills – buy cyclobenzaprine no prescription buy flexeril without a prescription
augmentin 625mg for sale – https://atbioinfo.com/ buy cheap generic acillin
buy nexium 20mg without prescription – nexiumtous nexium 40mg brand
buy cheap warfarin – coumamide cozaar 50mg uk
order mobic 15mg generic – https://moboxsin.com/ buy mobic paypal
purchase deltasone – corticosteroid generic deltasone 40mg
home remedies for ed erectile dysfunction – fast ed to take site buy ed pills without a prescription
cheap amoxicillin for sale – https://combamoxi.com/ amoxil tablets
diflucan 100mg usa – flucoan forcan online buy
order cenforce 50mg pill – order cenforce pill buy generic cenforce 50mg
tadalafil troche reviews – https://ciltadgn.com/ how long does it take cialis to start working
purchase generic cialis – cialis australia online shopping how long before sex should i take cialis
ranitidine 150mg sale – https://aranitidine.com/ buy generic zantac 300mg