Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November.

BTC/USD 1-hour chart. Source: Tradingview

Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.

According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in the fourth quarter.

OTC Markets is…


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