US EditionBitcoin Tests $100K: Analysts Eye Breakout or Drop
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3 Articles
Derivatives Market Signals Selling Pressure as Bitcoin Hovers Near $100,000
According to insights from market analyst Darkfost, the derivatives market is the key reason behind this consolidation phase. Shorts Overpower Longs: Net Taker Volume Turns Negative At the heart of the analysis is the cumulative net taker volume, which has largely remained in negative territory since BTC crossed back above $100K. This metric measures the net difference between buyers (longs) and sellers (shorts) in derivatives markets. “In simpl…
Bitcoin Tests $100K: Analysts Eye Breakout or Drop
Bitcoin’s recent price action has sparked a mix of optimism and caution among analysts, with the cryptocurrency reclaiming the $100,000 mark and testing its newly recovered levels as support. The past month has seen Bitcoin surge by over 23%, reclaiming the $100,000 barrier and hitting a three-month high of $105,819. This rally has brought Bitcoin back into its post-US elections range, between $92… Source
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