* According to a new report from SFOX, a crypto trading platform, the impact of whale traders on crypto markets is in evidence. Whales are individuals and organizations with large crypto holdings.
* The report reads upon an interview with Frank Weert, co-founder of Whale Alert, a site that keeps track of wallet crypto transactions of more than $50 million. The site captured transactions on behalf of whales that resulted in a drop of more than 20 percent in Bitcoin’s price from October 21 to October 22.
* Technically, Bitcoin is approaching Support of $9,000 and we assume the Bears could force the price down, below this important level.
* At the same time, we don't think that the price would stay below $9,000 for a long time. We expect a prompt upward reaction around the next Support of $8,500.
Pending trade signal
Buy @ $8,500 - $9,000.
Nearest Target: $10,500.
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GOOD LUCK AND LOTS OF PROFITS !!
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