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Bitcoin’s $85,000 Sell Wall Disappears After Repeated Tests
Buyers absorbed the sell orders at the level Thursday, Oct. 1, after nearly a week of unsuccessful attempts to break through.
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Bitcoin (BTC) buyers absorbed sell orders around $85,000 on Thursday, Oct. 1, after repeated tests over nearly a week failed to push through the level.
The sell wall above Bitcoin has disappeared, and the remaining sell orders above that price also appear to have been withdrawn. With less sell-side liquidity overhead, prices may rise faster.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.