Bitcoin: Spoofy Bid Wall at $61.3K Thins $5M
Bitcoin bid wall at $61.3k drops $5M per Material Indicators, with Fed hike risk flagged for potential rug pull on BTC order book.
SourceAnalysis
Bitcoin sees Spoofy's bid wall at $61.3k reduced by $5M on FireCharts data from @MI_Algos, possibly to thicken liquidity above amid slim odds of a Federal Reserve rate hike.
Price action at $64490.94 tests the bearish EMA50 resistance at $64496.46 while MACD golden cross at -146.13 builds momentum inside Bollinger Bands, pointing to a likely probe of upper resistance at $65662.43 before any deeper pullback to lower support at $63042.2. BTC price prediction models now incorporate this liquidity shift alongside Bitcoin technical analysis for crypto market crash scenarios tied to policy surprises.
Material Indicators
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