A fresh burst higher into the weekly close for BTC price comes in tandem with suspicions over the motives of large-volume Bitcoin exchange traders.
Analysis warns over whale moves
Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines.
With everything to play for into the weekly close, the atmosphere among traders was tense.
“Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current range," popular trader Josh Rager acknowledged on Twitter.
Analyzing Binance order book activity, monitoring resource Material Indicators warned that large-volume players were still manipulating spot price by moving bid and ask levels.
“The notorious BTC buy wall moved AGAIN!” it wrote in a previous update.
Source : [Bitcoin continues to ‘mirror’ 2017 as weekend sees third attack on $25K](cointelegraph.com/news/bitcoin-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k) by Cointelegraph By William Suberg - 96Cointelegraph.com News by Cointelegraph By William Suberg / February 20, 2023