BTC price nears $21.7K as whales boost Bitcoin 'almost perfectly'

BTC price nears $21.7K as whales boost Bitcoin ‘almost perfectly’


Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewWhales provide short-term price ceiling

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp.

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The pair capitalized on a short squeeze which began early on Sep. 9, taking it around 10% higher after plumbing the lowest levels since the end of June.

Analyzing the events, on-chain monitoring resource Whalemap noted that clusters of buy-ins by whales had effectively allowed Bitcoin to put in a floor.

$19,000 had been a high-volume zone of interest for buyers previously, and this thus remained unviolated during the visit to two-month lows.

As Cointelegraph reported, two other key whale support zones lie at $16,000 and

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