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Bitcoin's recovery is gaining structural support, with analysts pointing to positive bid-ask readings and a bullish RSI divergence as reasons to take the move seriously rather than dismiss it as noise.
The $70,000 level has emerged as the key target traders are watching.
What the Order Book Is Actually Saying The order book — the live, public ledger of outstanding buy and sell orders sitting on an exchange — is where you find out whether a rally has buyers behind it or is just floating on thin air.
When bid-ask readings turn positive, it means meaningful buy orders are stacking up closer to the current price than sell orders, a sign that traders are willing to step in rather than wait on the sidelines.
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