đ„Bitcoin dipped below $60,000 at the Aug. 9 Wall Street open as traders eyed âunreasonableâ whale moves.
đąNow down 3% versus the daily open, BTC/USD faced significant resistance above the $62,000 mark, with analysis suggesting that this could be intentional manipulation.
âSomeone placed large sell orders from $61200-$62500, Total 12K BTC,â monitoring resource CoinGlass responded on X, reviewing the Binance order book. Popular trader Daan Crypto Trades noted the imbalance between bid and ask liquidity, with buyers still lacking volume from the day priorâ$BTC is back above the daily EMA 200 line.
A reclaim of this line has always led to a sharp rise in prices in recent years,â popular trader Moustache commented, referring to the 200-day exponential moving average at $59,438.Trader and analyst Rekt Capital hoped that bulls could muster a downtrend breakout by the daily close.
