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Bitcoin Bulls In Control? Binance Taker Buy-Sell Ratio Points To Strong Momentum

  • Bitcoin's (BTC) Binance Taker Buy-Sell Ratio has risen to 1.131, signaling strong bullish momentum and dominant aggressive buyers.
  • The ratio indicates buyers are overpowering sellers on Binance, with a 7-day moving average of 1.045 and a 30-day percentage change up by 12.1%.
  • However, the ratio's Z-score of 2.45 suggests a potential overbought market, historically leading to corrections before uptrends.
  • Analysts advise that BTC staying above $99,000 with a ratio over 1.1 is a bullish indicator, while falling below 1.05 may signal profit-taking and a short-term pullback.

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