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Home ยป Analyst Forecasts Substantial Bitcoin Price Movement Following Consolidation

Analyst Forecasts Substantial Bitcoin Price Movement Following Consolidation

By adminJun. 5, 2024No Comments1 Min Read
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The analysis provided by Checkmate is centered on the sell-side risk ratio for short-term investors, which is currently experiencing a sharp decrease. This particular metric indicates that individuals who have recently acquired Bitcoin and held onto it for less than 155 days are starting to lose their selling power. These short-term investors play a crucial role in driving short-term fluctuations in the price of Bitcoin. As per the analyst’s interpretation, the declining sell-side risk ratio implies that Bitcoin is metaphorically “coiled like a spring” and poised for a significant movement in the near future. For more updates on financial and business news, visit COINTURK FINANCE.

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