Faces 'big Boy Sell Wall' At $95k As BTC Price Struggles... Bitcoin

Bitcoin halted its gains as sellers came out to suppress BTC price upside close to $95,000, with the key weekly close target now in place.

Bitcoin (BTC) struggled to continue its rebound at Tuesday’s Wall Street open as attention focused on $95,000 sellers.

Bitcoin faces resistance as it approaches a large area of seller interest at $95,000.

BTC price action begins to weaken versus risk assets and precious metals.

Support on weekly timeframes remains intact, with $93,500 a key focus for the weekly close.

Data from TradingView tracked a loss of BTC price momentum after BTC/USD hit $94,800 the day prior — its highest since Nov. 17.

“Choppy price action starting to show up in market data especially here,” trader Skew reacted in part of his latest X analysis on the day.

Skew identified what he called a “passive seller” at $94,000 — an entity selling into price upside in a sustained manner.

“Longs realise the subtle cue around $94K the second time and bail from positioning only for late shorts to start positioning. Typically there's a lot of decay on these days,” he added alongside a chart of exchange order-book data.

Commentator account Exitpump flagged a wall of asks at $95,000 keeping price in check.

Source: CoinTelegraph