Bitcoin has rebounded over 2% in the past 24 hours, erasing losses from earlier in the week. It now appears to be stabilizing, with annual gains still reflecting an 80% rise despite recent fluctuations.
The Taker Buy/Sell ratio suggests a bullish sentiment in the derivatives market. Should Bitcoin break through the resistance threshold of 111,768 USD, substantial upward momentum is expected, along with limited selling pressure from whales.
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