"Bitcoin (BTC) rises 27% this month... Multiple indicators suggest potential price decline"
JH Kim
Summary
- In April this year, the Bitcoin price rose 27%, but it was reported that the market is feeling fatigued.
- According to Glassnode, Bitcoin spot delta volume turned negative, indicating that the selling volume exceeds the buying volume.
- Innokenty Isers assessed that Bitcoin may face stronger resistance in the future.
According to DL News, a cryptocurrency media outlet, Bitcoin (BTC) price rose 27% in April this year, but the market appears to be feeling fatigued.
According to Glassnode, Bitcoin spot delta volume turned negative this week. This means that the selling volume exceeded the buying volume, which is interpreted as a bearish signal.
According to Coinglass data, last week, the Bitcoin long-short ratio showed a sharp decline.
Innokenty Isers, CEO of the cryptocurrency trading platform Paybis, assessed that "the current market suggests that Bitcoin prices may face stronger resistance in the future."
JH Kim
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