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Bitcoin sell pressure 'palpable' as BTC bid support stacks at $105K

From cointelegraph.com

Bitcoin fell to near two-week lows at Tuesday's Wall Street open as US selling pressure surged. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping beneath $114,000. Bitcoin and altcoins fell with US stocks, with the Nasdaq Composite Index down 1.2% at the time of writing. Long BTC positions, subject to an ongoing squeeze, added another $116 million to their liquidation tally in an hour. Data from CoinGlass also showed bids lining up around the $112,000 mark — already a point of interest for market participants. “TLDR: The $107k - $110k range is coming into focus,” Keith Alan, cofounder of ... (full story)

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