Bitcoin (BTC) price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission (SEC). But investors need
According to the data analytics firm CryptoQuant, the Taker Buy Sell Ratio indicator on Binance is seeing an uptick. Shortly after this indicator saw spikes in the Taker Buy Sell Ratio at the start of 2023, Bitcoin price kick-started a massive bull rally.BTC Taker Buy Sell Ratioweek’s article
The bull trap should come into play at this level and kickstart a sell-off. But if BTC does extend, then it is probably heading higher to collect the buy-side liquidity around the $30,000 psychological level as shown in the chart below. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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