Bitcoin price holds $10.5K but a $30M sell wall looms overhead

According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange.

While it does not necessarily indicate that a market-wide pullback is imminent, it hints that a major rally remains unlikely. In the short term, BTC likely faces a low-volatility range between $10,500 and $11,000, two key support and resistance levels.

Source link

About bitcoin

Check Also

Guggenheim's Minerd Predicted Bitcoin at $15K and $400K, Now He's Out Entirely – Yahoo Finance

Associated Press Ready to run: Panthers’ offense will look ‘vastly different’ Coach Matt Rhule promised …

Leave a Reply

Your email address will not be published. Required fields are marked *