Bitcoin whale clusters pinpoint $18.6K as key short-term resistance
Bitcoin whale clusters show that the $18,600 level is the most important short-term resistance level for BTC price. The price of Bitcoin (BTC) has started to recover on Dec. 12 after briefly dropping below $17,700 yesterday. Whale clusters show that the $18,600 level remains the biggest short-term roadblock for BTC.Whale clusters form at a price point where whales accumulate Bitcoin and do not move their holdings. Since whales are more likely to sell at a profit or breakeven rather a loss, clusters typically act as support or resistance levels.In the near term, whale clusters from Whalemap....
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New data from Whalemap reveals three whale clusters around $12K that should act as support and resistance areas for Bitcoin price in the short term. According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas.In previous cycles, whale activity coincided with significant price movements at crucial technical levels. For instance, Cointelegraph reported that a whale sold at $12,000 after “HODLing” for years. In the next few....
The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show. The latest Bitcoin (BTC) whale clusters’ data shows four key short-term price levels could potentially act as resistances, namely $10,369, $10,570, $10,734 and $10,842.The hourly map of unspent Bitcoin from whales. Source: WhalemapWhalemap, an on-chain analysis firm that tracks Bitcoin whale activity, observes areas where whales, or high-net worth individuals, accumulate or move their holdings. Green clusters indicate areas where whales last bought Bitcoin. Given the tendency....
Bitcoin has to defend $55,406 to prevent falling to the $40,000s once again, whale clusters suggest. The price of Bitcoin (BTC) is consolidating between $55,000 and $56,000 following the rejection at $61,000. Whale clusters suggest that one key level has to be defended to prevent a drop to the mid-$40,000 region. According to the data from Whalemap, which tracks Bitcoin whale activity, $55,406 is a critical whale cluster support area.If Bitcoin breaks below $55,406, analysts at Whalemap emphasized that a drop to $47,438 becomes the next likely move.Bitcoin whale clusters. Source:....
Bitcoin whale clusters show $57,046 and $60,045 are the crucial support and resistance levels in the short term. The price of Bitcoin (BTC) is attempting to break the $60,000 resistance level after more than a week of ranging.Whale clusters show that $57,046 and $60,045 are the crucial support and resistance areas in the short term. In other words, the probability of a strong breakout in the foreseeable future would increase substantially if Bitcoin stays above $57,046 and continues to test $60,000 resistance.Why whale clusters are important for BitcoinWhale clusters form when....
Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend.As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance.Why is this level important for more BTC upside? Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move....