• Human Reporters · Not Machines

    Bitcoin Whale Clusters Pinpoint Key Support Level For Rally To Continue

    By CDM Staff
    December 29, 2020
    2 Comments
    Bitcoin Whale Clusters Pinpoint Key Support Level For Rally To Continue
    Image by Hyena and thecryptokidd

    Bitcoin (BTC) whale clusters show that the $23,409 level has become an area of focus for large traders. This indicates that the ongoing bull run is buoyed by whales continuing to accumulate above $23,000.

    Whale clusters form when whales purchase Bitcoin and do not move their BTC holdings from the price of purchase. Clusters are useful in determining Bitcoin’s support levels, especially when the market moves rapidly.

    According to analysts at Whalemap, a data analytics firm that tracks Bitcoin whale activity, BTC has formed a strong floor in the $23,000 to $23,500 range. They said...

    To read more visit CoinTelegraph.

    SHARE THIS ARTICLE

    Author

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
    • Subscribe
    Notify of
    guest

    2 Comments
    Inline Feedbacks
    View all comments
    johnny5

    Gee...cant China buy huge quantities of Bitcoin...and then just drop it to crash the market?

    Wow...never thought of currency manipulation like that...

    Same thing Soros did to crash the British Pound not too long ago...:-)

    0
    Reply
    Voxi Pop

    https://worldchangebrief.webnode.com

    Et Tu, Pence? – Let’s Take a Look/
    Pence Tries To Duck Jan 6/
    Lin Wood Says Cancel Your Political Career

    0
    Reply

    FOLLOW US

    • Subscribe to our evening newsletter to stay informed during these challenging times!!