Bitcoin Taker Buy Volume Surpasses 101 Million BTC Amid Price Stability
On April 3, President Trump announced new trade tariffs affecting various countries, resulting in negative reactions from US financial markets. In contrast, the crypto market remained resilient amid global economic pressures.
Bitcoin Price Overview
- Bitcoin price has seen minimal movement over the past week.
- On April 2, Bitcoin approached $87,000 before dropping to around $84,000.
- The cryptocurrency is showing signs of decorrelation from traditional markets.
- Current price is approximately $84,000, marking a 2% increase in the last 24 hours.
- Historically, Bitcoin's performance has tapered off towards the end of the week.
Is A BTC Price Bounce On The Horizon?
- Crypto analyst Maartunn indicated potential bullish movement for Bitcoin.
- This analysis is based on Taker Buy Volume, reflecting strong buy orders in perpetual swaps.
- Taker Buy Volume recently surpassed 101 million BTC.
- Past increases in this volume have often preceded price surges.
- Market participants should monitor Bitcoin's price action closely in the coming days.
