Sub $30K Bitcoin price sell-off would require panic ‘to a large
Market analysis suggests that for Bitcoin to start knocking on the door of a sub $30,000 Bitcoin, sellers would “need to panic out to a large degree.
Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance.
There is 5,000 Bitcoin sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance.
The sell-off may not be over, but Bitcoin (BTC) buyers can take solace in the knowledge that order books in the $28,500 to $30,000 region are dense. Consequently, the price plunge due to Russia’s military operations may take a breather.
Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance.
There is 5,000 Bitcoin sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance.
The sell-off may not be over, but Bitcoin (BTC) buyers can take solace in the knowledge that order books in the $28,500 to $30,000 region are dense. Consequently, the price plunge due to Russia’s military operations may take a breather.