Bitcoin Faces $83,000 Sell Wall as Whales Shift to Net Selling
- All wallet cohorts have transitioned into net distribution for the first time since early June.
- Bitcoin is currently struggling against a significant sell wall at $83,000.
- A potential golden cross pattern has emerged, providing some hope for bullish investors.
The shift to net selling among whale wallets indicates a change in market sentiment, which could impact overall trading behavior. The resistance level at $83,000 remains critical for Bitcoin’s price movement.
With all wallet cohorts now in net distribution and Bitcoin facing strong resistance at $83,000, the market dynamics are shifting notably. (Source)
