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Bitcoin whale games get traders nervous as 12K BTC appears for sale
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Bitcoin whale games get traders nervous as 12K BTC appears for sale

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Bitcoin whale games get traders nervous as 12K BTC appears for sale
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Source: Coin Telegraph

Bitcoin order book action is currently marked by significant sell-side liquidity, but this could disappear at any time, analysis says.

Bitcoin dipped below $60,000 at the Aug. 9 Wall Street open as traders eyed “unreasonable” whale moves. 

Data from Cointelegraph Markets Pro and TradingView showed the latest Bitcoin (BTC) price uptick running out of steam after reaching $62,775 on Bitstamp.

Now down 3% versus the daily open, BTC/USD faced significant resistance above the $62,000 mark, with analysis suggesting that this could be intentional manipulation.

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Author: William Suberg

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