Bitcoin Bulls sell pressure when the OG coins suddenly move on the area.

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Key points:

  • Bitcoin prices around 2% on the day when 14-year-old coins are suddenly moving.

  • The explanations include the unfounded claim connecting BTC wallets with the creator of Satoshi Nakamoto.

  • As a result, the price comes for BTC Longs, and the shorts massage above USD 110,000.

Bitcoin (BTC) slipped under a key level of USD 108,000 on July 4 as transactions covering long -term coins surprised markets.

BTC/1-hour chart. Source: Cointelegraph/TradingView

Rumors spin when Bitcoin “OG” moves millions

Data from CointeLraph Markets Pro i TradingView He showed BTC/USD visiting 107,564 USD for Bitstamp before a modest reflection.

The decrease of 1.6% during the day Bitcoin was based on weaknesses that occurred after a fresh rejection of USD 110,000 the day before.

The last BTC price campaign, which took place in the absence of trade on Wall Street thanks to the holidays on the day of the USA nonsense, coincided with a gigantic tranche of 80,000 BTC after 14 years.

Transactions were associated with a single whale unit, and the monitoring of Looconchain resources confirmed eight wallets in total.

Transfers lasted at the time of writing, with markets clearly nervously nervous of the consequences of such vintage coins suddenly move on the market, potentially as part of sales.

Rumors about social media are abounded, and the popular Cryptobeast trader even connected transactions from Satoshi Nakamoto.

Source: Crypto Beast/X.

Commenting on the popular X-Ryfisher commercial account, he observed a jump in the so-called “toxic” flow of orders-transactions that cause losses for market creators.

“I would expect it to go, maybe this high lever”, part of the post suggestedReferring to building brief BTC liquidity in books with exchange orders.

Heating map of BTC liquidation. Source: Coumingss

Data from resource monitoring Kinglas He showed that BTC/USD nourishes long liquidity levels, while general resistance – especially above USD 110,000 – has increased.

Risk of price btc cancellation of a breakthrough

The continuation of the Bitcoin price campaign, a popular salesman and Rekt Capital analyst meant a potential risk for Bull Market Upside.

Related: The Bitcoin price can reach $ 150,000 a week thanks to Trump’s Substantial Handsome Bill

The daily chart sent to X showed BTC/USD, withdrawing the reverse of resistance/support from the key trend line, which exists from the current highest levels of all time in the amount of USD 112,000.

“Bitcoin is losing its diagonal for now,” he confirmed.

“But if the daily price is closed above the diagonal, this will end with a disadvantage in the minus as part of unstable testing. The upcoming daily closure will be crucial.”

1-day BTC/USD chart. Source: Rekt Capital/X.

Earlier, other participants of the cryptographic market have repeatedly emphasized USD 108,000 as a level that Bulls had to maintain in the future.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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