Bitcoin Surges Above $95,500 In 2024 Closing Day: What’s Next?

Bitcoin’s (CRYPTO: BTC) remains an attractive buy according to the cryptocurrency community, despite closing December almost where it started, down 1.3% over the past 30 days.

What Happened: Prominent whale trader Abetrade shared his observation on X that Bitcoin’s spot order books, currently within 10% of the current price on Coinbase and Binance, are more skewed toward bids than at any other point in Bitcoin’s history.

Historically, such imbalances often precede strong price bounces, especially when paired with …

Full story available on Benzinga.com

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