‘Clear skies’ for Bitcoin price discovery if giant $70K BTC sell-wall is scaled
It’s a rush to beat out the competition among institutions, but serious resistance remains near new all-time highs. Bitcoin (BTC) is clinging to $68,000 on Nov. 9 after traders declared it “clear for take-off” and ready to begin further price discovery.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin approaches “Great Wall of Finex”Data from Cointelegraph Markets Pro and TradingView has tracked a second night of impressive gains in a row for BTC/USD.The pair spent most of Sunday at near $62,000 but is now up a total of 11.4% in just over two days — including a new....
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14 hours ago, users began reporting about the "biggest sell wall I've ever seen": a 31 000 bitcoin sell wall appeared mysteriously at 300 USD per bitcoin on Bitstamp. I must agree, this is the biggest sell wall I've ever seen. One thing that amazes me is how little the market has moved in those 14 hours since the Sell Wall of Death. 31 000 bitcoins is Now 15 000 bitcoins. Not only has the market refrained from panic selling below 300 USD per btc (where 275 USD became the lowest point), people are even chomping the Bitcoin sell wall. If you watch the order book and the live trades you can....
Bitcoin (BTC) appears to be gearing up for another price discovery phase. The leading digital asset by market capitalization has gained an impressive 17.4% over the past month, setting a new all-time high (ATH) of $111,980 on May 22. Bitcoin Ready To Enter Price Discovery Mode? According to a recent X post by crypto analyst […]
Another day, another peak scaled by bitcoin. Today, the Bitstamp Price Index rang $450 for the first time this year. The bitcoin price struck $450.38 at 10:44 UTC today and scaled yet another year high of $483 at the time of publishing. For a live Bitcoin Price chart, click here.
Bitcoin price is currently down nearly $400 from yesterday’s highs in a flash, after coming close once again to the $12,000 resistance level. According to a crypto analyst referencing on-chain analytics, once $12,000 is broken through cleanly by bulls, there’s “clear skies” above that until $16,500 – which they claim is just a minor “speed bump.” Technical analysis also demonstrates just how critical $12,000 has been to Bitcoin and its ongoing bear market, and why […]
Bitcoin Price and the 700 BTC sell wall. If you have been following Bitcoins price, you have noticed that it’s risen from its price of around $450 to as of now, around $580. This is a 33% increase in price and the sudden explosion of growth as many people scratching their heads. One of the most prominent news that first got things in the motion was the buying of a 700 bitcoin sell wall. In layman terms, this means someone had a order of 700 Bitcoins for sale at a certain price. This means that the price cannot increase, effectively a ceiling. Now that that’s out of the way, the prices been....