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Bitcoin Bullish Trend Gains Traction as Binance Traders Accumulate Positions

Coin WorldThursday, Apr 17, 2025 7:32 am ET

1min read

Bitcoin traders on Binance have shifted to a bullish stance, with key indicators suggesting an impending rally. The taker buy/sell ratio has risen above 1.008, indicating increased buying activity. This ratio historically precedes price surges, and with Bitcoin's price nearing $85,500, the signs of a bullish trend are becoming more apparent. Earlier this month, when the ratio exceeded 1.1, Bitcoin briefly touched $86,000, suggesting a similar move could be on the horizon.

Market order flow supports this trend, with overall sentiment remaining cautious but BTC positioning for an upward move. A breakout above $85,000 could liquidate nearly $637 million in shorts, setting off a rapid chain reaction that favors the bulls. This significant short trend could occur if the current price of Bitcoin is broken, with analysts warning that market caution may be masking the bullish momentum.

Bitcoin’s rising dominance is another crucial sign of the bullish trend. Currently at 63.81%, dominance has increased nearly 10% year-to-date. With the Altcoin Season Index at a mere 15/100, it’s clear that Bitcoin remains the market’s driving force. Amid fresh tariff announcements and geopolitical tension, traders increasingly view Bitcoin as a hedge against inflation and currency instability. This macro backdrop is indirectly supporting BTC demand.

Influential accounts on X (formerly Twitter) have also noted this shift. On April 16, MetaEra reported a return to neutrality in Binance’s ratio, hinting that the bulls are coming back. This bullish crossover confirms what many had suspected: the sentiment is shifting fast.

From a technical standpoint, Bitcoin continues to find support at the $83,800 zone, holding above its 50-period EMA on the 2-hour chart. The RSI has recovered to 51.8, giving bullish sentiment. A volume-backed breakout above $85,500 would confirm strength and open doors to a rally toward $87,400. Analysts at Real Vision forecast the BTC bullish trend could extend into Q2, potentially testing new all-time highs. U.S. tax dynamics, where selling for obligations meets buying for refunds, may be the source of the current restraint, keeping Bitcoin traders in a holding pattern. However, this imbalance may soon resolve upward.

Any strong candle close above $85,500, coupled with volume confirmation, could be the trigger for the next major wave in Bitcoin news. Those monitoring BTC price levels and sentiment shifts will be better prepared to act before retail FOMO kicks in. The Bitcoin bullish trend is slowly gaining traction as aggressive buyers quietly accumulate positions. With Bitcoin dominance rising and short positions stacked above $85K, this hints at a volatile move. Those paying attention to this shift may be the first to catch the next major wave in Bitcoin news.

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