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Home ยป Analyst Forecasts Major Bitcoin Price Movement Following Period of Consolidation
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Analyst Forecasts Major Bitcoin Price Movement Following Period of Consolidation

By adminJun. 5, 2024No Comments1 Min Read
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The analysis conducted by Checkmate is centered around the sell-side risk ratio for short-term investors, which is currently experiencing a sharp decrease. This particular metric indicates that individuals selling Bitcoin after holding it for less than 155 days are facing a loss of momentum. These short-term investors play a crucial role in influencing short-term price fluctuations. The analyst believes that the diminishing sell-side risk ratio indicates that Bitcoin is poised for a major shift, comparing it to a tightly wound spring ready to release its energy. For the most recent updates on financial and business news, be sure to visit COINTURK FINANCE.

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