What are Bitcoin [BTC] whales up to? Decoding…

What are Bitcoin [BTC] whales up to? Decoding...

. As per the analysis, the 350-day moving average and the 100-day exponential moving average of the Taker Buy Sell Ratio indicator can identify changes in Bitcoin’s price trend.

Local bottoms and tops in the price of bitcoin can be identified when the 100-day exponential moving average crosses a fixed value line of 1. Looking at the current chart, there was a good buying opportunity as the 100-day EMA reached the fixed value line of 1., BTC’s price registered a decline of nearly 2.5% in the last 24 hours, and at the time of writing, it was trading at $23,942.46 with a market capitalization of more than $462 billion.

gave a better understanding of the market condition and shed light on the path BTC might take in the coming days.

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