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Bitcoin volume metric suggests '$130K-$135K BTC will happen' in the summer
The price-OBV divergence is signaling growing “buying pressure,” according to market analyst Cas Abbé, who expects a rising OBV will assist in sending BTC’s price toward the $130,000–$135,000 area by Q3 2025. The OBV indicator tracks volume to determine whether buyers or sellers are in control. It adds volume on days when the price closes higher and subtracts it on down days. So, a rising OBV means that total buying volume outpaces selling volume. In Bitcoin’s case, the OBV has continued to make higher highs since early May, even as price has largely consolidated sideways ever since. From a technical ... (full story)