Bitcoin Faces ‘insane’ Sell Wall Above $105k As Stocks Eye Tariff...

Bitcoin price upside was limited as suspicions rose over the owner of a large wall of sell orders stretching to the $112,000 mark.

Bitcoin faces a giant wall of ask positions above $105,000, with price pinned below.

Traders warn of another dip thanks to a large amount of buyer interest around $100,000.

The US trade tariffs come in for a Supreme Court grilling, with major implications for stocks.

Bitcoin (BTC) kept traders nervous Thursday as sellers lay in wait at $105,000.

Data from Cointelegraph Markets Pro and TradingView showed the BTC price rebound flagging after the daily open.

Bulls faced an uphill struggle throughout Wednesday’s Wall Street trading session, and exchange order-book data confirmed a wall of asks positioned directly above price.

“Pretty clear price has been capped with the cluster of asks (sell orders) above $105K,” trader Skew said, calling the situation “not surprising.”

Skew warned that there were signs of sell-side pressure increasing as the price attempted a comeback.

“Often this tactic is used to drive price lower during asia hours,” he added, about the $105,000 asks.

Source: CoinTelegraph