) stayed rangebound at the Oct. 6 Wall Street open with traders already planning for a “violent” breakout.
Bitcoin whale activity highlights the importance of $19,000
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it moved up and down by only a matter of a few hundred dollars on the day.
The amount of $20,000 formed a focus for the pair, which meandered in step with consolidating U.S. equities and dollar strength.
With no spot catalyst in sight on short timeframes, on-chain analytics resource Whalemap turned to largescale buy and sell points to sketch out likely support and resistance.
To the downside, $19,174 marked the site of whale buy-ins, suggesting its continued strength as a line in the sand.
Bullish progress, meanwhile, would have to contend with a cloud of resistance at $21,500.
“Don’t be distracted by the noise,” the Whalemap team commented alongside a chart showing the key levels overnight.
As Cointelegraph reported, $19,000 was already on the...
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