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Home ยป Analyst Forecasts Major Bitcoin Price Movement Following Consolidation
Bitcoin

Analyst Forecasts Major Bitcoin Price Movement Following Consolidation

By adminJun. 5, 2024No Comments1 Min Read
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The analysis by Checkmate is honed in on the sell-side risk ratio for short-term investors, which is currently plummeting at a fast pace. This key metric indicates that sellers who have only been holding onto Bitcoin for less than 155 days are starting to lose steam. These short-term investors play a crucial role in driving short-term fluctuations in price. The analyst points out that the diminishing sell-side risk ratio indicates that Bitcoin is now “coiled like a spring” and primed for a substantial shift. Stay updated on the newest financial and business updates by visiting COINTURK FINANCE.

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