Bitcoin's On-Balance Volume (OBV) is exhibiting patterns that historically precede major price increases, according to analyst Javon Marks. The current OBV setup mirrors past bullish cycles, with Bitcoin trading near the upper boundary of its long-term channel. This suggests a potential breakout as OBV moves horizontally below resistance. Historical data shows that Bitcoin's OBV often crosses above previous highs before or during significant rallies, indicating a possible upcoming price surge.
Bitcoin's On-Balance Volume Hints at Potential Price Surge
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