HomeUncategorizedBitcoin bids move to lowest since March as BTC price dips under $25.7K By Cointelegraph

Bitcoin bids move to lowest since March as BTC price dips under $25.7K By Cointelegraph

September 7, 2023

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© Reuters

Bitcoin’s (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, a new analysis warns.

In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.

1-week chart. Source: TradingView
BTC/USD order book data for Binance. Source: Keith Alan/X
BTC/USD annotated chart. Source: CredibleCrypto/X