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Bitcoin whale buys 1K BTC as ‘insane’ Binance selling sees sub-$58K low
Bitcoin whales jump at the chance to buy cheap BTC, with spot sellers showing knee-jerk reactions in a choppy trading environment.
(light blue) and maintained itself above the Weekly level (black; $55737),” he explained alongside a chart on the day.
“More, Bitcoin has since formed a base at an even higher Weekly level (~$58,000) which is acting as confluent support this week. This confluent support is being retested as we speak.”
BTC/USD 1-week chart. Source: Rekt Capital
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.