๐ฅ BITCOIN $85K SELL WALL IS GONE
Bitcoin buyers finally absorbed the major $85,000 sell wall yesterday after nearly a week of failed attempts to break through it.
Now, the remaining ask liquidity above BTC appears to have thinned significantly, removing some of the immediate resistance that was sitting above the market.
That matters because when large sell orders disappear, there is less overhead supply for buyers to absorb. If fresh demand continues coming in, BTC can potentially move through the upper levels much faster.
Of course, thin sell side liquidity can work both ways. It can accelerate upside when buyers are active, but it can also make price more volatile if demand suddenly disappears.
The $85K wall has been cleared. Now the market needs to show whether buyers can take advantage of the thinner liquidity above.
$AAVE
$HUMA
Bitcoin buyers finally absorbed the major $85,000 sell wall yesterday after nearly a week of failed attempts to break through it.
Now, the remaining ask liquidity above BTC appears to have thinned significantly, removing some of the immediate resistance that was sitting above the market.
That matters because when large sell orders disappear, there is less overhead supply for buyers to absorb. If fresh demand continues coming in, BTC can potentially move through the upper levels much faster.
Of course, thin sell side liquidity can work both ways. It can accelerate upside when buyers are active, but it can also make price more volatile if demand suddenly disappears.
The $85K wall has been cleared. Now the market needs to show whether buyers can take advantage of the thinner liquidity above.
$AAVE
$HUMA
