Things aren’t all bad for Bitcoin, but could they get better? Watch these price levels. (Reporting via WilliamSuberg)
“Over at Bitfinex where we know the whales particularly like to dominate, there is a significant wall of asks at $23,000 just above the 200WMA level. There is no guarantee that those asks will stay there or cannot be broken when price reaches them. But it is worth noting them and therefore being aware of a potential fakeout risk around the 200WMA that may reject price on its first attempt to break through.
The firm added that overall, while crypto was “not out of the woods,” the market was giving signals that were “encouraging for the bulls.”Altcoins meanwhile stole the show on low timeframes as the week came to a close.
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