Buyers Take Control: Indicator That Predicted Previous Bitcoin Rallies Fires Again
Bitcoin has surpassed $104,000, reaching $104,271 and closing in on its all-time high of $109,000. This price increase is linked to easing trade tensions between the US and China, which has improved market sentiment. The Taker Buy Sell Ratio has risen to 1.02, indicating increased buying activity and potential upward momentum. Historically, similar levels have marked significant price turning points for Bitcoin. Analysts note that while this suggests bullish control, it may also lead to volatility spikes. Additionally, Bitcoin's realized price is increasing, reflecting higher average purchase prices due to institutional inflows from spot Bitcoin ETFs and corporate purchases. This trend indicates sustained capital inflow and a constructive market outlook for Bitcoin's rally.
