Is Bitcoin Going to Hit a Wall at $65,000 Again?
Bitcoin's been on a bit of a joyride lately, but it seems like it's hitting a roadblock at that $65,000 mark. It's like the crypto equivalent of trying to break through a concrete ceiling!
So, what's the deal? Well, according to some juicy on-chain data, the big whales – you know, the ones with the fat wallets – have been unloading a ton of BTC recently. And when we say a ton, we mean over 20,000 BTC in just 24 hours! That's roughly $1.28 billion worth of Bitcoin, people!
Crypto guru Ali highlighted this massive sell-off earlier this week, and it’s one of the biggest one-day sales we've seen all year. In dollar terms, it's just shy of a jaw-dropping $1.3 billion. No wonder the market felt a little wobbly.
Bitcoin's price took a hit yesterday, dropping from nearly $65,000 to below $63,000. But don't worry, our favorite cryptocurrency bounced back pretty quickly. It shot up to around $64,000 earlier today and is now chilling at $64,400.
But here's the kicker – if the whales keep dumping their BTC, we might see some more turbulence. Ali pinpointed $63,300 as the magic support level that needs to hold. If it doesn't, Bitcoin could slip down to about $60,365. But if it does hold, we might finally see Bitcoin break through that stubborn $65,000 ceiling and head towards $65,500.
So, buckle up! It’s going to be an exciting ride. Keep your eyes peeled for those whale moves – they could make all the difference!
