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24 November 2020

Bitcoin price dips below $18K — Time to watch these 'whale cluster' support zones

Bitcoin price dips below $18K — Time to watch these 'whale cluster' support zones


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Bitcoin price dips below $18K — Time to watch these 'whale cluster' support zones.

Whale clusters are price levels where whales buy BTC and do not move their holdings.

Clusters often signify areas where whales buy Bitcoin

The data from Whalemap show that $16,411, $16,278 and $15,691 remain as the big whale clusters

Hence, even if BTC sees a short-term pullback, the aggressive accumulation from whales in November has established crucial support areas

In the near term, following BTC’s recent minor correction from $18,865 to below $18,000, whale clusters are expected to act as important support levels

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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