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via BeInCrypto · By Ananda Banerjee

Bitcoin Sell Pressure Cools With 27% Breakout in Sight, But Whales Have Other Plans

BTC

BTC/USDT

$79,810.11

+0.23%

$79,810.11

+0.23%

(24s)

24h Volume

$7,073,904,272.24

24h H/L

$80,200.00 / $79,577.00

Change: $623.00 (0.78%)

Long/Short

53.0%

Long: 53.0%Short: 47.0%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,810.00

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$79,878.00

Price$79,810.00

Support 1$79,635.96

Support 2$77,546.36

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

Ananda Banerjee

(02:11 PM UTC)

1 min read

Updated byEmily Watson

0 comments

Bitcoin (BTC) price is sitting near $76,875 with sell pressure cooling and a breakout setup forming, but the largest whale wallets and the Smart Money Index both lean the other way.

The setup follows a 27% rally between March 29 and May 6 that paused inside a downward-sloping channel. Whether bulls reclaim the breakout zone now depends on whether retail calm can outlast steady distribution…

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Source

Ananda Banerjee · BeInCrypto

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