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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

$62,809.54

-0.55%

$62,809.54

-0.55%

(24s)

24h Volume

$3,510,335,468.96

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

69.3%

Long: 69.3%Short: 30.7%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

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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