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Bitcoin faces 'big boy sell wall' at $95K as BTC price struggles vs. gold
Data from TradingView tracked a loss of BTC price momentum after BTC/USD hit $94,800 the day prior, its highest since Nov. 17. chart “Choppy price action starting to show up in market data especially here,” trader Skew wrote in part of his X analysis on the day. Skew identified what he called a “passive seller” at $94,000, referring to an entity selling into price upside in a sustained manner. “Longs realise the subtle cue around $94K the second time and bail from positioning only for late shorts to start positioning. Typically there's a lot of decay on these days,” he wrote, including a chart of ... (full story)
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