Bitcoin stepped beyond $22,000 but the whales didn’t push BTC this time
— Upside, Stepped, Push, Price, Exchange, Outflows, Liquidations, Bitcoin, Inflows, Pressure — 1 min read
Bitcoin has concluded the first week of July on a healthy uptrend as improved market sentiments paved the way for more accumulation. The king token also soared as high as $22,527 on 6 July thanks to strong demand in the market this week. The upside was strong enough to push it out of its short-term wedge pattern in which it has been trading since June. However, it has since pulled back to its $21,515 press price courtesy of increased selling pressure when its Relative Strength Index (RSI) entered the overbought zone in the four-hour chart. Bitcoin experienced strong buying volume during 7 July’s trading session after breaking above its descending resistance line. Most of this volume came from the retail segment given the limited whale activity. Source