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Bitcoin Taker Buy/Sell Ratio Witnesses Notable Spike — Is A Price Surge Imminent?

NewsBTC LogoNewsBTC3d ago

Bitcoin Taker Buy/Sell Ratio Witnesses Notable Spike — Is A Price Surge Imminent? - NewsBTC

Quick Summary:

Related Reading: A 20%-30% Correction Is The Most Bullish Thing’ That Could Happen To Bitcoin – Analyst When the value of the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume.

In a December 28th post on the X platform, popular crypto analyst Ali Martinez shared an exciting on-chain observation that could influence the Bitcoin price action before the end of 2024.

Ultimately, this on-chain signal could be bullish for the flagship cryptocurrency, as the increased buying pressure could infuse some upward momentum in the Bitcoin price.


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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-29 @ 13:30:24 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 24723606

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 2 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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