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Whale Clusters Provide Crucial Information For Bitcoin Recovery
Summary: Bitcoin (BTC) data reveals three current whale clusters and thus three support levels that BTC must maintain in order to see a price increase, according to Cointelegraph. These three whale clusters currently reside at $10,407, $10,570, and $10,667. The clusters have presented themselves after two major recent events impacting crypto markets: the U.S. Commodities ...
Bitcoin (BTC) data reveals three current whale clusters and thus three support levels that BTC must maintain in order to see a price increase, according to Cointelegraph. These three whale clusters currently reside at $10,407, $10,570, and $10,667.
The clusters have presented themselves after two major recent events impacting crypto markets: the U.S. Commodities and Futures Trading Commission’s (CFTC) complaints against BitMEX and U.S. President Donald Trump’s COVID-19 diagnosis. Both events may have escalated fear within crypto markets and led to significant BTC outflows as retail investors sold in large quantities, which ultimately may have led to BTC's current whale clusters.
By Isaac Goluboff
Tags: Bitcoin (BTC),BitMEX,Whales
Link: Whale Clusters Provide Crucial Information For Bitcoin Recovery [Copy]
