Bitcoin is back above $16,000, but eyes are on a $12,000 exchange buy wall.
Momentum took the pair to $16,189 before consolidating, marking gains of 3.7% versus the day’s lows.
Talk among analysts remained tied to the Digital Currency Group family, including Grayscale, currently at the center of rumors over fallout from defunct exchange FTX. For monitoring resource Material Indicators, a “guard rail” bid at $12,000 could ultimately be what protected the market should a major capitulation occur over the Thanksgiving holiday period.contributor“This new $70M buy wall could be a guard rail for the holiday week, it could be related to speculation on a Grayscale announcement or something else. Regardless, we always keep an eye on new fat buy walls.
France Dernières Nouvelles, France Actualités
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