Bitcoin

Delta

Spot

Divergence

The post <a href="https://coinpedia.org/price-analysis/bitcoins-cvd-divergence-and-limit-buyers-signal-crucial-37k-can-spot-bulls-offset-selling-pressure-at-36500/" rel="noopener noreferrer nofollow">Bitcoin’s CVD Divergence And Limit Buyers Signal Crucial $37K! Can Spot Bulls Offset Selling Pressure At $36,500?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
In the past few hours, Bitcoin has experienced extreme volatility after declining from its $38K peak. This seesaw movement is the result of a battle between buyers and sellers, with the BTC price initially dropping to a low of around $36.5K before facing a surge in buying interest that brought a recovery. This activity is particularly seen in the derivatives market, and several key indicators are now signaling a critical trading session.&nbsp;
<h2 class="wp-block-heading" id="h-btc-traders-battle-for-an-advantage">BTC Traders Battle For An Advantage</h2>
Over the last day, Bitcoin’s drop from a high of $38.5K to $37K resulted in a rise in total liquidations. Data from Coinglass reveals that Bitcoin triggered $22 million in total liquidations, with long positions making up approximately $15.6 million of this figure. This has erased buying hope as the price lost its momentum it gained towards the $38K level.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/ArzSqdQO-jzpWA1kYMLCQR0lY54afVPhjxyTc4XV2ds4ZDCyRkIs5YMo-icsewoc-uGjnI08hoHmmp2yfQO-j6yVICD1O8znJRg_09JEIhG3b65h2dJrPG--wGywbW-aM2whhCMp3_-VMdWQNULJe-k" alt="">
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However, buyers are bullish as the Cumulative Volume Delta (CVD) shows a divergence, indicating that while the price of Bitcoin is hovering around $37K, there is a massive shift in the volume of trades. A divergence in CVD suggests that despite the price decline, there is a <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-can-hit-50k-in-next-60-days-if-this-happens/" rel="noopener noreferrer nofollow">volume of buying</a> happening in the background, which could signal a correction.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/wixCIEoh95JpI3HPRZfiXisCu7rnECmQZa0PmaFrlNZ52PeBqtPeEuNUlodOcNaiiHD-nUS_rGwG1jysPx7_d4zu5cHbhJRwEeA2YVpwX4VvfooIRdLjwOI-FoZKSwcZ6DXA9H9jJuwsWk2zU0nPKV8" alt="">
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Another indication is rising limit buyers around the $37K mark. Limit orders are set to buy or sell a security at a specific price. The concentration of limit buy orders around this level indicates that traders are anticipating this to be a favorable entry point, expecting the price to bounce back up.&nbsp;
Interestingly, any further decline will result in a bullish surge as spot bulls will start stepping in aggressively in the $37K to $36.5K range. This move might lead to an absorption of the ongoing selling pressure.
<h2 class="wp-block-heading" id="h-what-s-next-for-btc-price">What’s Next For BTC Price?</h2>
Bitcoin’s recent uptrend is facing resistance near $38,000, yet there’s no rush from the bulls to exit their positions, suggesting an expectation for the upward trend to continue. As of writing, BTC price trades at $36,958, declining over 1.4% from yesterday’s rate.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/XfBXBReZ_0zttFPBqcMBXWolPi57p-yaXG33qkGSd5L69i0J7TgaL8UjqhgosRY1G1BDvz_yWpdwotTyxKa7a0IQZ7vGqysdpz4NKfcyGvIxB1pGGCWsLLA4F87ogazW-HUXdhPPUUx8WEU5QEU6am4" alt="">
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Currently, Bitcoin finds immediate support at the 100-day exponential moving average (EMA) on the 4-hour price chart. A rebound from this level would imply that traders are eagerly buying on each minor dip. However, the price is currently moving within a specific range, and a breakout will create increased pressure.&nbsp;
Should Bitcoin break above the trend line, it might climb towards the $40,000 mark. However, this price point could present a challenge. On the other hand, a fall below the support would suggest profit-taking by traders, possibly leading to consolidation within $34K-$35.5K.
While bulls are attempting to keep the price above the moving averages, overcoming the $38K threshold remains a challenge. The Relative Strength Index (RSI) is hovering below the midpoint at 39, hinting at a bearish dominance.

Bitcoin’s CVD Divergence And Limit Buyers Signal Crucial $37K! Can Spot Bulls Offset Selling Pressure At $36,500?

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