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Bitcoin Demand Momentum Shows Bears Are Giving Up – Price Reversal Ahead?
A significant shift in demand momentum and rising Global Liquidity Index (GLI) has caught the attention of veteran analyst Crypto Rover, indicating a potential price reversal for Bitcoin. The bears are backing off, while long-term holders are stepping in, historically a signal near market bottoms that often precedes big price rallies.
Bitcoin’s demand momentum has plummeted into negative territory, typically seen during market lows, which may be a precursor to an imminent reversal.
Source: coinpedia.org
