Bitcoin stalls below $38K as analysis hints 'Notorious B.I.D.' is back
Bitcoin may be seeing the return of classic liquidity games from Q1 as BTC price action fights for a chance at $40,000....
- Bitcoin (BTC) is approaching 18-month highs, with price momentum building up to $37,770.
- The market resembles the first quarter of this year, indicating a potential recovery from previous lows.
- Order book data suggests a major liquidity provider, referred to as the "Notorious B.I.D.," may be shaping bid support.
- Whales in the market are decreasing their exposure, except for the largest order class between $1 million and $10 million.
- Analysts have mixed opinions on the future price movement, with some predicting a push towards $40,000 and others cautioning about a potential bearish divergence.
The sentiment in the article is mixed, with some indicators pointing towards a potential bullish trend while others raise caution about a bearish divergence.