Bitcoin might go through its toughest test lately as it once again reaches $42,000
Unfortunately, if Bitcoin even reaches $48,000 and breaks through $14.4 billion worth of sell orders, it might still face a potential resistance wave with 5.7 million entities holding 1.5 million BTC on $48,000 and above it. that Bitcoin has reached a strong technical and historical support that could have been observed on a daily chart of the asset. The support zone mentioned in the article correlates with IntoTheBlock's mentioned funds concentration zone.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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