Bitcoin

Delta

Bitfinex analysts advised caution despite Bitcoin’s recent price increase, pointing out that momentum in the spot market has slowed.
According to the latest analysis, while the initial surge in BTC’s price was due to strong spot market buying, this activity has since leveled off.
Analysts noted that the spot Cumulative Volume Delta (CVD), a key indicator that measures the difference between cumulative buying and selling volume over a given period, has flattened. This metric helps determine whether buying or selling pressure is dominant in the market. The recent flattening suggests that the initial wave of buying has abated.
Related News: <a href="https://en.bitcoinsistemi.com/anticipated-big-move-from-china-it-may-also-affect-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">Anticipated Big Move from China! It May Also Affect Cryptocurrencies!</a>
“We expect Bitcoin to consolidate in a new range near current levels or experience a partial correction in the short term,” Bitfinex analysts wrote in a report, adding that they expect a potential period of market stabilization or a slight pullback in Bitcoin’s price.
BTC price is up nearly 7% in the last week and is trading at $63,304 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/stock-market-analysts-warned-about-bitcoin-btc-the-uptrend-has-arrived-but-in-the-coming-days/" rel="noopener noreferrer nofollow">Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”</a>

Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”

Bitcoin Sistemi EN

Other articles published on Sep 24, 2024

Vitalik Buterin Champions Solo Stakers at Home Staking Summit

HTX reveals the future of Bitcoin DeFi: Babylon staking and fractal scaling

US Lawmakers Urge SEC to Repeal SAB 121 Amid Cryptocurrency Custody Concerns

Core Scientific Mines Over $710 Million Worth of Bitcoin in 2023

CZ’s Release Sparks BNB Bull Run: $600 Target in Sight

Grass Sets Stage 1 Reward Deadline for October 1 Ahead of Token Generation Event

Join our free newsletter for daily crypto updates!