Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Buying Pressure Emerges, But Can It Overcome The Downtrend? One glimmer of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that tracks the balance between buy and sell orders on exchanges. According to NewBTC’s analysis, this ratio has recently dipped below one, indicating a bearish sentiment. On several exchanges, the ratio is rising back above one, suggesting that the trend is recovering. This indicates a change in the psychology of the market, as more buyers than sellers are making orders. This is a positive development, the data shows. It indicates that some investors are seeing the recent price drop as an opportunity to accumulate Bitcoin at a discount. However, it’s cruc ..
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