Bitcoin (BTC) may be gearing up for another rally as indicated by recent Binance taker data, suggesting a short-term bullish setup.
Analyst Crazzyblockk highlights key indicators including increased buy-side taker volumes and neutral market behavior, signaling potential for BTC to surpass its previous all-time high.
Additionally, low volatility and buy-side dominance hint at a likely upward breakout direction for Bitcoin in the near future.
Crypto analysts are predicting new cycle targets for BTC, with targets ranging from $116,900 to as high as $159,000 during the ongoing bull cycle.