$BTC

Analyst to Three Positive Indicators for Bitcoin as Its Price Reaches $85,000

According to renowned cryptocurrency analyst Ali Martinez, Bitcoin's recovery from its weekly low, with expectations of reaching $95,000, shows three positive signs. First, a massive buying wave on Binance, which led to a sharp increase in the buy/sell ratio to 1.8, indicating the potential entry of buyers into the market.

Second, although 56% of trades on the largest exchange in the world are sell trades, historical data suggests that Bitcoin often behaves contrary to popular expectations, especially in the derivatives market. Finally, Bitcoin managed to break through its first significant resistance level, which is the 50-day simple moving average at around $84,500.