Bitcoin: 21 WMA Confluence at $69k With Whale Sales
Bitcoin eyes 21 WMA confluence at $69k while whales distribute, 200 WMA holds at $64k after $62.2k support test and sideways range.
SourceAnalysis
Bitcoin shows 21 WMA confluence at $69k as a key level after whales distributed across the range all month, with the 200 WMA at $64,006 untouched by a full candle since May.
Price at $64556.13 tests the lower Bollinger Band near $64671.98 while EMA50 at $64568.53 caps upside in a bearish structure confirmed by the MACD death cross at 140.94; any range breakout attempt gains durability only if the 200 WMA avoids a wick breach before targeting higher BTC price levels.
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