Bitcoin News Today: Bitcoin's CVD Hints at $135K as Analysts Warn of 60% Correction Risk

Bitcoin's recent price action on Binance has drawn attention to its Cumulative Volume Delta (CVD) Confirmation Score, a metric indicating strong buyer demand. Following a record high of $126,199 on the exchange, Bitcoin (BTC) has consolidated in the $120,000 range. Current CVD Confirmation Scores hover between 0.8 and 0.9, signaling that price gains are supported by genuine taker buying rather than speculative momentum Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[1]. This aligns with historical patterns where scores above 0.7 correlate with shallow corrections and sustained uptrends, as new liquidity absorbs supply Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[2].

CryptoQuant contributor Arab Chain noted that if the CVD Confirmation Score remains above 0.7 and BTC breaks through the $124,000–$126,000 resistance zone, the price could target $135,000 Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[1]. However, a drop below 0.4 in the score amid rising prices would signal distribution risks. Support levels at $112,000–$115,000 and $108,000–$110,000 are critical for maintaining the bullish trend, with stable CVD readings required to confirm continuation Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[2].

While the CVD data suggests robust buying pressure, some analysts caution against immediate optimism. Crypto analyst ZVN predicts a potential pullback before BTC reaches $150,000, while Dick Dandy warns of a 60% correction to $43,900 Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[2]. At press time, BTC traded at $118,791, reflecting a 1.8% decline over 24 hours Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[2].

The CVD Confirmation Score's reliability stems from its 30-day correlation between price and volume delta, measuring net taker buy/sell activity. High scores (above 0.7) validate real demand, whereas low scores suggest weak momentum Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[1]. Binance, the world's highest-volume exchange, remains central to this dynamic, with its data underscoring the importance of monitoring open interest, funding rates, and CVD imbalances as early warning signals Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9 Signaling $130K Target Zone^[1].