Bitcoin Order Books Hint at Market Bottom, Bullish Shift Ahead

Quick Summary:

Recent analysis by Black Capital highlights a notable decrease in market depth over the weekend, impacting both near-term and long-term buy and sell orders.

Bitcoin’s supply and demand dynamics, as indicated by its order books, suggest a potential price floor and an approaching bullish trend.

This metric is influenced by various factors including time of day, market conditions, and specific price levels.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaMali

Topics: Bitcoin News Bitcoin market Bitcoin price 24/7 Cryptocurrency News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 18:13:49 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22507150

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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