Bitcoin Whales Resurface To Sell Down Weekend Retest of Highs
Bitcoin is back above $19,000 after repeated tests of below $18,000. Dip buyers have proven too strong to send prices tumbling, but at the same time, whales keep resurfacing, again and again, to sell down any intraday rallies as soon as they begin to hover above $19,250 for an expended period of time. This weekend’s […]
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The price of Bitcoin dropped below $30,000 in a quick swoop on the third retest in two weeks of the support area. In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy the level to prevent a further breakdown after reclaiming it.Whale clusters suggest three key levels in the near term: $34,970, $29,314 and $28,727. Currently,....
Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]
Bitcoin price abruptly dropped to $15,670 before traders stepped in to defend the $16,000 level. The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum. Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola.BTC/USD daily chart . Source: TradingView.comWeekend shakeouts and lower support retests are healthyAs Cointelegraph reported,....
Bitcoin is trending sideways into the long U.S. weekend with the price of BTC compressing around $19,500 and $20,500. The support around the lower zone of this range might be tested as the number one cryptocurrency struggles to preserve its current levels. Related Reading: AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen At the time of writing, Bitcoin (BTC) trades at $19,900 with a 1.4% profit over the past 7 days and sideways price action in the last 24 hours. BTC’s price is heavily underperforming other cryptocurrencies as Ethereum (11%), Cardano (14%), and....
On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again. The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals.However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term.Whales stopped sellingThe number of whales, which are....