BTC price nears .7K as whales boost Bitcoin ‘almost perfectly’

BTC price nears $21.7K as whales boost Bitcoin ‘almost perfectly’

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action.

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

Whales provide short-term price ceiling

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp.

The pair capitalized on a short squeeze which began early on Sep. 9, taking it around 10% higher after plumbing the lowest levels since the end of June.

Analyzing the…


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