Bitcoin

<ul><li>CrediBULL Crypto&#39;s Aggregate OI analysis hints at Bitcoin&#39;s potential turns as 8.6B OI suggests a nearing local top.</li><li>With OBV at &#39;danger&#39; levels and OI&#39;s steep rise, CrediBULL Crypto advises caution for bullish players.</li><li>Bitcoin&#39;s future hangs in the balance between $26,950 and $30,200, says CrediBULL Crypto.</li></ul><a href="https://cryptotale.org/bitcoin-hovers-near-27-4k-as-cryptocurrency-market-displays-mixed-signals/" rel="noopener noreferrer nofollow">Bitcoin&#39;s volatile market</a> has always been a subject of intense scrutiny, and experts use various metrics to predict its ups and downs. One such expert, CrediBULL Crypto, has shared an insightful analysis using the Aggregate OI metric on the X platform.Over the past year, Aggregate OI has been a remarkable predictor for every major top and bottom of Bitcoin (BTC). Its use on lower timeframes is also quite insightful. Historically, an Aggregate OI reaching 8.9B typically signifies a local top, while a dip to about 7.4B marks the bottom. With the current OI hovering around 8.6B, CrediBULL suggests the proximity to another local top.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d2be6f4dba5b462fb12692bfb303c135.png" />Despite its seemingly bearish outlook, there&#39;s no reason for alarm unless Bitcoin drops below $26,950. This price point is the critical line in the sand for <a href="https://cryptotale.org/crypto-analyst-foresees-bullish-bitcoin-pre-halving-reminiscent-of-2019-2020/" rel="noopener noreferrer nofollow">Bitcoin&#39;s bullish</a> market structure on lower timeframes. If, however, Bitcoin pushes past the resistance at $30,200, it could signify a robust bullish momentum. This breakthrough could lead to a breakout from the current OI range, aiming for a higher time frame OI range of 11B. Notably, Bitcoin is changing hands at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$27,655</a>, a 0.12% drop in the past 24 hours and a 4.72% rise in the past week.Read full article at <a href="https://cryptotale.org/analyst-suggests-bitcoin-could-approach-crucial-milestones/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Analyst Suggests Bitcoin Could Approach Crucial Milestones

CryptoTale

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