It could be „do or die” for Bitcoin bulls if BTC/USD returns under $27,000, Whalemap argues.
Bitcoin (BTC) may be attempting to flip $30,000 to support on May 19, but for one group of analysts, attention is focused firmly on a fresh drop.In a tweet on the day, on-chain monitoring resource Whalemap defined the support levels Bitcoin bulls must defend in order to avoid fresh significant losses.Whales dictate „do or die” BTC price supportBitcoin’s current „no man’s land” price behavior has commentators split on whether the next decisive move will be up or down.While some are calling for $32,000 or more next, many argue that last week’s trip to $23,800 was not the lowest that BTC/USD will manage going forward.For Whalemap, which analyzes the buying and selling of Bitcoin’s biggest investors, the zone to watch is around $24,000 to $26,000.This is where larger groups of whales deployed funds, and their presence thus provides consi
We współpracy z: https://cointelegraph.com/news/bitcoin-must-defend-these-price-levels-to-avoid-much-deeper-fall-analysis
