Bitcoin could be gearing up for a significant price move, as a key trading metric on Binance suggests a potential retest of the $100,000 mark by year-end. Since late October, the Bitcoin Taker Buy Volume on Binance has shown higher lows, indicating growing buyer interest. This metric, which tracks buy transactions by "takers" who accept the market's best price, reflects increasing investor enthusiasm and buying pressure.
Bitcoin's price has been fluctuating, currently trading at $96,222. Analysts note this pattern mirrors a similar trend from late 2023, hinting at a possible repeat of past price rallies.