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Bitcoin traders doubted the staying power of last-minute weekend BTC price upside as selling pressure from whales returned into the weekly close.
💡 DMK Insight
Bitcoin’s recent surge to $110,535 is under scrutiny as whale selling pressure re-emerges, raising concerns about sustainability. With the weekly close approaching, traders should be wary of potential profit-taking from larger holders, which could trigger a pullback. This selling behavior often precedes significant price corrections, especially after rapid gains. If BTC fails to hold above the $110,000 mark, we might see a test of lower support levels, potentially around $105,000. Keep an eye on volume indicators; a spike in selling volume could signal a shift in sentiment. On the flip side, if BTC can maintain its position and attract retail interest, it could pave the way for a more sustained rally. Watch for key resistance at $115,000, which could be a pivotal point for breakout traders looking to capitalize on upward momentum.
📮 Takeaway
Monitor Bitcoin’s ability to hold above $110,000; a drop below could signal increased selling pressure and a potential test of $105,000.
