Bitcoin bullish sentiment is resurfacing as data from Binance indicates that buyers are dominating trading volumes. The Binance Taker Buy Sell Ratio, which shows the ratio of buyers to sellers, has returned to neutral territory with a current ratio of 1.008. A ratio above 1 signifies that buyers are gaining traction, while a ratio below 1 indicates selling pressure. As of the time of publication, Bitcoin is priced at $83,810, experiencing a 1.47% decline over the past week. Furthermore, should Bitcoin reclaim the $85,000 mark, approximately $637 million in short positions could be liquidated. Market indicators suggest investors continue to favor Bitcoin over altcoins, with Bitcoin’s dominance in the market rising to 63.81%. Despite lingering caution in the market, analysts note a potential resurgence in demand for Bitcoin, influenced by factors such as tax season and general market sentiment, which remains in a state of fear. Overall, the market seems to be on the cusp of a potential bullish turn as investor interest picks back up.

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