Bitcoin's journey to $100,000 hit a snag on Nov. 22, as a hefty $300 million sell wall emerged, stalling its climb. BTC/USD dipped to just under $97,300, down 1.2% for the day. The resistance, primarily on Binance, is a typical hurdle at psychological price points. Material Indicators noted a slight weakening in the sell wall but emphasized its significant liquidity. Despite this, institutional interest remains robust, with U.S. Bitcoin ETFs seeing over $1 billion in net inflows. Traders are eyeing potential support tests, with some predicting a bullish breakout soon.
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BTC
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