The post Bitcoin Stuck Below $69K: Will Whale Traders Push the Price Down? appeared first on Coinpedia Fintech News
Bitcoin has been sandwiched between $68,000 and $69,000 price range. With much effort the first crypto was able to cross the resistances after $67,300 which is now the latest support zone. What is the reason BTC is finding it difficult to fight the current resistance, let’s find out.
Bitcoin Resistance Area
Bitcoin has entered an area which is filled with multiple small and big resistance zones. The biggest one being the $69,000 which rejected the price. At the time of writing, bitcoin is trading at $68,143 which means it has fallen under the support level of $68,300. This zone now has become an active resistance. The rejection of price was described along with reasons like Crypto Whale Activities in our previous day’s analysis.
Other Analysis Data
According to the bitcoin liquidity chart, it is evident that no buyers are available in the present zone.
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