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via Cointelegraph · By Cointelegraph Staff
Here’s Why Bitcoin Analysts Say BTC’s ‘Full’ Bullish Momentum is Back
BTC
BTC/USDT
$59,226.00
-0.93%
$59,226.00
-0.93%
(24s)24h Volume
$31,538,864,582.49
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
71.6%
Long: 71.6%Short: 28.4%
Funding Rate
-0.0002%
Shorts pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:32 PM UTC)
1 min read
1028 views
0 commentsMarket analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6.
Key takeaways:
- Bitcoin has successfully re-entered expansion territory as the Bull Market Support Band turned to support.
- Bitcoin’s Stablecoin Supply Ratio has recovered from historic lows, indicating fresh liquidity is returning.
- Bitcoin’s spot taker CVD…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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