AleSooT
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#BTCvsMarkets
The price of $BTC is currently moving towards a significant liquidation area with a value exceeding 68.52 million dollars, located at 93.8K. Additionally, it is approaching an important resistance zone between 93.9K and 96.3K.
This psychological level is of great importance for bulls to confirm the full activity of the bull market. If $BTC manages to activate this liquidation zone, it is likely that a large number of sell orders will flood the market. Given the high existing demand for BTC and the reduction of supply at exchanges, these orders should be executed quickly. Therefore, instead of a price drop, we might witness a push towards the resistance zone to test it.
The price of $BTC is currently moving towards a significant liquidation area with a value exceeding 68.52 million dollars, located at 93.8K. Additionally, it is approaching an important resistance zone between 93.9K and 96.3K.
This psychological level is of great importance for bulls to confirm the full activity of the bull market. If $BTC manages to activate this liquidation zone, it is likely that a large number of sell orders will flood the market. Given the high existing demand for BTC and the reduction of supply at exchanges, these orders should be executed quickly. Therefore, instead of a price drop, we might witness a push towards the resistance zone to test it.
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