Crypto trader Ali (@ali_charts) has tweeted about a significant buy wall for Bitcoin (BTC) between $27,170 and $27,970, stating that approximately 1.45 million addresses bought more than 700,000 BTC within this price range. If this buy wall holds, Ali believes that BTC’s price will likely climb, with little to no resistance for BTC to climb higher from this level.
However, another trader, Bluntz (@Bluntz_Capital), tweeted a more bearish outlook for BTC this morning, stating that the bullish momentum for BTC is beginning to wane. He also shared that he believes BTC will retest the $26K level this week.
At press time, BTC’s price is up 0.97% over the last 24 hours, but it is down 0.65% over the last 7 days. BTC’s dominance in the market is up 0.24% over the last 24 hours, taking its dominance in the crypto market up to 46.24% at press time. The leading crypto’s market cap stands at $537,650,143,541 while the total crypto market cap is estimated to be around $1.16 trillion, according to CoinMarketCap.