Data Suggests Whales are Keen on Protecting One Key Bitcoin Support Level

Er7WqixXcAAG 7T 980x644

Bitcoin has seen some choppy price action throughout the past couple of days, with buyers and sellers largely reaching an impasse Following a swift overnight decline, Bitcoin has posted a strong rebound that has allowed it to surge back to $36,000 Where it trends next will undoubtedly depend on whether or not buyers can flip $36,000 from resistance to support One analytics platform is noting that BTC has yet to test its crucial support level that sits just below $30,000 They note that this is where there was serious whale buying activity in the past, and as such, these large buyers will likely defend this level Bitcoin and the entire crypto market have been facing some mixed price action as of late, which has come about due to BTC’s lack of a clear trend. The crypto has mainly faced some range-bound trading between $30,000 and $40,000, with buyers and sellers…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE