Two crypto traders recently shared their analysis for Bitcoin (BTC) on Twitter which suggests that BTC’s price will drop. Read more on CE.
- Crypto trader Ali tweeted that there is a strong buy wall present for BTC.
- Analyst Bluntz tweeted that BTC’s price may retest $26K this week highlighting waning bullish momentum.
- The crypto market leader’s price has risen 0.97% in the last 24 hours according to CoinMarketCap.
The crypto trader that goes by the name Ali (@ali_charts) tweeted this morning that there is a significant buy wall present for Bitcoin (BTC). According to the tweet, a strong buy wall for BTC exists between $27,170 and $27,970. There are approximately 1.45 million addresses that bought more than 700,000 BTC within this price range, stated the tweet.
Ali believes that if this buy wall holds, then BTC’s price will likely climb, adding that there is little to no resistance for BTC to climb higher from this level.