Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level.

Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will likely remain as a support area in the event of a correction.

As such, in the near term, it is crucial for Bitcoin to remain above $14,914 for a prolonged…


Source link

About bitcoin

Check Also

Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during …

Leave a Reply

Your email address will not be published.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