via BeInCrypto · By Ananda Banerjee
Bitcoin Sell Pressure Cools With 27% Breakout in Sight, But Whales Have Other Plans
BTC/USDT
$29,758,914,277.20
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
+0.0000%
Longs pay
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google