CandleFocus Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”
2024-09-24
Author: Content Editor
Bitfinex analysts have issued a word of caution regarding Bitcoin's recent price increase, noting that momentum in the spot market has slowed down. They highlight that while the initial surge in BTC's price was driven by strong spot market buying, this activity has leveled off, as indicated by the flattening of the spot Cumulative Volume Delta (CVD) metric. The analysts anticipate Bitcoin to consolidate around its current levels or possibly experience a slight correction in the short term. As of writing, BTC is trading at $63,304, with a 7% increase in the last week.
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