Bitcoin Still Has “A Lot Of Room To Run Before Reversal,” Says Top Analyst
Summary
Bitcoin's VWAP Oscillator, which tracks the ratio between BTC spot price and VWAP, has been rising, suggesting potential for further upside. Historically, when the oscillator rebounds from negative territory, Bitcoin experiences bullish momentum. Analysts believe there is still room for the cryptocurrency to rally before a reversal or consolidation. Retail investors have recently bought $135.7 million worth of Bitcoin. Currently, Bitcoin is trading around $65,000, up 5% in the last week.
