Bitcoin: Saylor Linked to Failed Long at Resistance

Evidence points to Michael Saylor as the entity behind yesterday's massive BTC long at resistance that failed to spark a breakout.

FireCharts binned CVD data confirms whales distributing in the range once more amid ongoing range-bound action. On the 4h chart, BTC trades at $79178.73 inside the Bollinger Bands with price testing upper resistance at $82013.38; the neutral RSI at 40.97 combined with the MACD death cross at -244.71 and price below EMA50 at $80298.02 points to a probable retracement toward lower support at $78388.08 before any fresh directional move.