The move marks one of its strongest stretches in the past month and has sparked fresh discussion among traders about the possibility of a momentum-driven rally.

Although the pace of gains has slowed into the weekend, the tone in the market appears to be shifting. Analysts point to improving on-chain signals as a reason why optimism is returning, even after a relatively quiet start to September.

Binance Data Points to Stronger Demand

One of the key signals drawing attention is the Taker Buy Sell Ratio on Binance. The metric, which measures whether traders are more inclined to aggressively buy or sell, has remained above 1 for three consecutive days. According to data shared by analyst Burak Kesmeci, the ratio has held steady around 1.04 since September 10.

When this ratio is greater than 1, it indicates that buyers are dominating by accepting higher prices, a sign of growing demand. Historically, local peaks have hovered near 1.15 this year, suggesting current levels still leave room for further upside without flashing signs of overheating.

Investor Confidence on the Rise

The persistence of a positive ratio is being interpreted as a signal of confidence among traders. Rather than rushing to take profits, market participants appear more willing to accumulate coins, even as prices climb back toward multi-week highs. This pattern often precedes stronger momentum, potentially setting the stage for Bitcoin’s next breakout attempt.

READ MORE:

Bitcoin News: U.S. Reserve Debate, Global Competition, Timeline Uncertainty

The renewed buying pressure also fits into a broader narrative of strengthening fundamentals. Recent whale accumulation and tightening supply conditions have been highlighted by analysts as additional factors that could fuel further gains if demand continues to rise.

Momentum Builds Ahead of Key Months

As Bitcoin steadies near the $116,000 zone, attention is turning to whether the current setup could evolve into a larger move in the final quarter of the year. Historically, Q4 has been a period of increased activity and volatility for the crypto market. With traders leaning bullish and on-chain metrics reinforcing that view, momentum appears to be building beneath the surface.

For now, Bitcoin is consolidating after its rebound, but if current trends persist, many believe a fresh rally could soon take shape — one that might test resistance levels not seen since earlier this summer.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Bitcoin Poised for Next Move as Bullish Metrics Hold appeared first on Coindoo.