Bitcoin breakout possible as whales close in on sideways BTC price

Bitcoin breakout possible as whales close in on sideways BTC price

Bitcoin (BTC) stayed strictly rangebound on Aug. 24 as buyers and sellers attempted to spark a breakout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Spot price squeeze on the cards

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $21,500 at the Wall Street open.

The pair had seen little action in the 24 hours prior, entering the fifth day of sideways movement within an increasingly tight range.

Data from the order book of major exchange Binance…


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