On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price.
Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1
Kaip paaiškino CryptoQuant analitikas paštu, signs may suggest that a local top could soon be coming for the crypto.
"pirkėjo pirkimo/pardavimo santykis” is an indicator that measures the ratio between the Bitcoin long volume and the short volume.
When the value of the metric is greater than one, it means the taker buy volume is higher than the sell volume right now. This trend indicates that a bullish sentiment is dominant in the market at the moment.
Susiję skaitymai „Bitcoin NUPL“ paliečia žemumas, kurių nematė nuo COVID katastrofos, ar netrukus atsigaus?
On the other hand, the ratio being below one implies the majority sentiment is bearish currently as taker sell volume is more than the long volume.
Now, here is a chart that shows the trend in the Bitcoin taker buy/sell ratio over the last few months:
Atrodo, kad pastaruoju metu rodiklio vertė šoktelėjo | Šaltinis: „CryptoQuant“
As you can see in the above graph, the Bitcoin taker buy/sell ratio has been rising over the past month and is now approaching a crossover with the “1” level.
In the past, an increase in the indicator’s value above this line has usually been a bullish signal for the crypto’s price.
Susiję skaitymai Ilgi likvidavimai ir toliau įsilieja į rinką, nes Bitcoin stengiasi atsiskaityti virš 30,000 XNUMX USD
The quant also points out that the apimtis has been going up and is about to cross above a positive value. The below chart shows this trend.
Looks like the BTC volume has been going up in recent weeks | Source: „CryptoQuant“
The analyst believes that these two trends together (if they continue on and the respective crosses take place) may indicate that the price of Bitcoin could see an increase soon and form a local top.
BTC kaina
Rašymo metu Bitcoin kaina svyruoja apie 30.3 tūkst. USD, ty 2% daugiau nei per pastarąsias septynias dienas. Per pastarąjį mėnesį kriptovaliuta prarado 24% vertės.
Žemiau esančioje diagramoje parodyta monetos kainos tendencija per pastarąsias penkias dienas.
The price of the crypto looks to have observed a rise over the last couple of days | Source: BTCUSD „TradingView“
Bitcoin seems to have gained some footing above the $30k level in the past two days, but the coin has still been stuck in an overall trend of consolidation for a couple of weeks now.
At the moment, it’s unclear when the coin may escape this rangebound market and show some real price movement.
Teminis vaizdas iš Unsplash.com, diagramos iš TradingView.com, CryptoQuant.com
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-taker-buy-sell-ratio-approaches-bullish-cross/