Data from Cointelegraph Markets Pro and TradingView showed new BTC price lows of $64,522 on Bitstamp.
After hitting new all-time highs during the week, Bitcoin faced considerable sell-side pressure, with a series of lower lows accompanied by failed rebounds.
On the day, offloading continued to gather speed well in advance of the hotly-anticipated weekly candle close.
Analyzing the situation, popular trader Skew outlined zones of interest for bidders on major exchanges. These focused on between $60,000 and $64,000.
“Majority of the selling has been driven by takers (market selling),” part of a post on X (formerly Twitter) explained.
👇👇👇👇👇👇👇
FOLLOW FOR MORE
