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Bitcoin buyers ‘in control’ but trend won't change until this level breaks
Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Bitcoin’s net taker volume suggests buyers are stepping in as demand for BTC derivatives returned, data from CryptoQuant shows. Net taker volume, a metric that measures the imbalance between aggressive buyers and sellers in derivatives markets, has remained positive since the US and Israel-Iran war began. “Since the conflict broke out, net taker volume as measured by the 30-day moving average has been positive,” CEO at Coinbureau Nic ... (full story)
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