Bitcoin ANALYSIS: 10/4/2024

🔍 Bitcoin Exchange Reserves: From September 28 to October 3, Bitcoin exchange reserves increased significantly, reaching 2.578M BTC. This indicated that Bitcoin was actively moving to exchanges for potential sale. However, from October 3, the reserves began to decline, indicating that Bitcoin was being withdrawn from exchanges and selling pressure was decreasing. As a result, this decrease in reserves led to an increase in the price of Bitcoin.

🔍 Taker Buy/Sell Ratio: On October 4, the Taker Buy/Sell Ratio reached 1.09, indicating the predominance of buyers in the market. This is a sign of growing interest and price support, which may indicate further growth for Bitcoin. #BitcoinTrends" #BTC🔥🔥🔥🔥

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