Bitcoin (BTC) continues to consolidate around $66,500, maintaining pressure on crucial resistance levels as whales show signs of “buying the dip.”
Despite short-term challenges highlighted by analyst Ali Martinez, such as the TD Sequential indicator signaling a sell order on the 12-hour chart, Bitcoin’s long-term prospects remain significant.
While the Bitcoin (BTC) price saw a strong bounce back after the Bitcoin halving event, it has been largely consolidating around $66,500. Bitcoin (BTC) maintained pressure on critical resistance levels as of April 24, with research indicating that whales were “buying the dip.” BTC’s price hovered around $67,000 following a surge in the latest daily close.
As per data from the monitoring platform CoinGlass, a bid wall of approximately $35 million on Binance was absorbed by the daily close, with the majority of ask liquidity now concentrated between $67,000 and $67,500. Popular crypto trading resource Material Indicators noted:
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