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Crypto

Bitcoin Rally Faces Major Sell Wall Ahead of Crucial Resistance

Guavy AI Editorial Team
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BTC
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The price of Bitcoin (BTC) has been on a tear, but it's facing a major sell wall that could potentially derail its rally.

A heatmap from Daan Crypto Trades shows a dense liquidity cluster between $82,000 and $83,000, which is near Bitcoin's May highs. This resistance matches the liquidation structure identified by Daan, and breaking above this peak would confirm a bullish change in market structure.

However, another rejection could pull the price of Bitcoin toward lower liquidity levels. The heatmap also shows a larger long-liquidation cluster around $61,000, $63,000.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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