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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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Analyst Forecasts Major Bitcoin Price Movement Following Consolidation
Analyst Forecasts Major Bitcoin Price Movement Following Consolidation
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The analysis provided by Checkmate is honing in 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 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 the price of Bitcoin. The analyst suggests that the diminishing sell-side risk ratio is a sign that Bitcoin is poised for a major move, likening it to a tightly wound spring ready to release its energy. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.

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