Some traders are optimistic about the future of Bitcoin, having established long positions and allocated some small-cap coins. They point out that the current market trading volume is sluggish, with weak selling pressure. Once a large buy order appears, a rapid breakout above resistance levels could occur. In their view, Bitcoin still has the potential to break upward below $90,000. From the order book depth, the market lacks effective selling pressure, laying a foundation for subsequent gains. However, they also imply that all of this depends on the participation of strong buyers; otherwise, the sluggish situation may continue.

BTC-1,59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
MetaNeighborvip
· 12h ago
Just waiting for the whales to make a move. This market really doesn't have much selling pressure.
View OriginalReply0
MEVVictimAlliancevip
· 12h ago
Wait, just waiting for the whales to come and rescue the market. To be honest, it still takes big players to step in and take over.
View OriginalReply0
ContractTestervip
· 12h ago
Just waiting for the whales to dump, otherwise this market really has no meaning.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)