Bitfinex highlighted the Bitcoin price support feature

To continue long-term sustainable growth, Bitcoin values ​​need to grab the August high of $65,200 report.

According to them, the September rally in digital gold is largely due to activity in derivatives trading against a background of weak demand in the spot market.

Open interest in Bitcoin products outpaced price increases. The main indicator – delta of the total volume in the spot – decreased after the fund reached $63,500. It indicates broad leverage, increasing the potential for a short-term correction.

“We recommend a cautious approach after the 22% rally we saw in BTC. It is very possible that the price will be able to create a new area near current values ​​and consolidate for a certain period of time, as we have seen in previous periods,” experts said.

In their opinion, the “multi-day net positive flow generated” in Bitcoin is a positive factor.ETF. The flow of liquidity into products can balance the weak activity of buyers in the spot market, Bitfinex analysts believe.

At the time of writing, digital gold from 19 September trading around $63,000-64,000.

Four-hour BTC/USDT chart of the Binance exchange. Data: TradingView.

Let us remind you that QCP Capital has been admitted positive energy for the crypto market from China’s expected economic stimulus measures.

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