Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels

Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight.

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

Analysts sounds alarm over open intere

Data from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19.

Capitalizing on its lowest levels in over a month, Bitcoin has failed to bounce significantly since — and now price forecasts are beginning to change with it.

In his latest YouTube…


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