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Analysts: Bitcoin influx of new buying pressure may signal the start of a new bull run.
Gate News bot message, CryptoQuant analyst IT Tech stated that after experiencing four consecutive months of red trends, the green CVD bar chart has returned, indicating new buying pressure:
BTC rebounded from about $101,000 to about $107,000; Spot buyers are actively buying again; Historically, the green phase usually appears before a strong upward trend.
The buyer CVD tracks the dominance of buyers and sellers in the market. A shift from a long period of red to green may signal the beginning of a new bull market.