Bitcoin Lines Up A Trip To $105,700 In A "Normal And Healthy" Support Retest
Bitcoin (BTC) experienced a pause in price gains at the June 25 Wall Street open, with $108,000 identified as a crucial breakthrough level for bullish traders. BTC/USD returned to consolidation after reaching ten-day highs, as liquidity was taken to the upside. Market sentiment varied, with smaller investors taking profits while larger entities, or whales, increased their exposure. The Accumulation Trend Score indicated mixed behaviors among different wallet sizes, with smaller wallets distributing BTC and larger ones accumulating. Significant long liquidations were anticipated around $107,000. A healthy price retracement was noted after the rise to $108,000, with a potential buying opportunity identified at around $105,700, near the 50-day simple moving average.
