The Cumulative Delta (CVD) volume of Bitcoin Spot Takers is currently negotiated on a positive territory, which indicates that the purchase activity wins considerably on the sales behavior. A constant increase in MCV is awarded to the accumulation of buyers. Recent evidence of Cryptochant indicates that Bitcoin buyers remain positioned even after the correction, now with less than $ 110,000.
This model is supported by other measures, including the monetary flow index (MFI), which violated the neutral level 50. An upward trend MFI is a signal of a high capital influx, generally contributing to prices for favorable trends. This also indicates that the impressive oscillator (AO) has transformed into a positive territory, suggesting that the momentum of the market has gone from lower to bull. Provided that these measures remain at their current level, Bitcoin can try to switch to a price of $ 112,000 in the short term.
The volume and chain financing rates more support a prudent and optimistic position. However, analysts point out that permission from the resistance range from $ 110,000 to $ 112,000 remains essential before any price discovery can begin.
