Furthermore, the latest data from the crypto analytics platform Santiment shows that wallets holding between $100 and $1 million in Ethereum, the so-called sharks and whales, they got rid of about 3.3 million of these ‘tokens’ in the last month.
What will happen to the price of Bitcoin?
Sadly, the weekend bounce stopped before BTC was able to reclaim the key $20,000 threshold, so it remains an immediate hurdle that should make potential buyers cautious. On the other hand, just above $20,000, another confirmed resistance is around $20,500 and that is also a major hurdle to watch.
Secondly, the $18,200/$18,500 zone is a strong support that also calls into question the possibility of new lows for Bitcoin.
Source: Ambito
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