A key metric hinting at potential bullish momentum in the Bitcoin market is the Spot Taker Cumulative Volume Delta (CVD). The indicator, reflecting buy and sell volume over time, has shifted back into the green, signaling a resurgence of buyer influence. 📈
This turnaround marks a significant shift from recent months, where the CVD remained deep in the red, indicating persistent selling pressure that coincided with price drops.
Analysts emphasize the positive trend: buy orders now outpace sell orders, suggesting a potential for further price increases.
Bitcoin’s continued rise above $110,000, with buyers maintaining their presence, could set the stage for a new wave of bullish movement. 💪
However, analysts urge caution, noting that macro factors, market sentiment, and whale activity could introduce short-term volatility. ⚠️
Despite these factors, the data suggests an optimistic outlook: as BTC consolidates around record highs, renewed buyer participation could fuel further price growth.