Bitcoin Taker CVD turns green, signaling a potential new bull market
ChainCatcher news, CryptoQuant analysts point out that there has been a positive shift in the Bitcoin market, with the Taker CVD indicator returning to the green zone after four months of decline, indicating that buying power has regained dominance.Data shows that the price of Bitcoin has rebounded from around $101,000 to about $107,000, an increase of nearly 6%, with a noticeable rise in the activity of spot market buyers.Experts believe that the Taker CVD indicator turning from red to green is an important bullish signal. Historical data indicates that when this indicator shifts from a long-term red zone to green, it usually heralds the beginning of a new upward trend. This shift may signal that Bitcoin is about to enter a new bull market phase, and investors should closely monitor subsequent changes in trading volume and price support levels to confirm the validity of this bullish signal.