CandleFocus Binance Whales Pushing Bitcoin Down: Details
2024-09-30
Author: Content Editor
The current crypto market sentiment for Bitcoin is bearish, with significant selling pressure observed, especially on Binance. Whales, or major players, are actively pushing the price lower, causing a rejection after an attempted break above $65,000. The symmetrical triangle pattern suggests that Bitcoin may return to lower support levels at around $61,500 and $59,800. If the selling pressure persists, Bitcoin may drop to $59,800, which will determine whether the cryptocurrency continues its bearish trend or experiences a rise. With the influence of whales and the current market sentiment, further decline in the market is likely in the near future.
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