Mother of All Sell Walls Is Holding Bitcoin Back

Bitcoin begins to lose momentum and will soon test crucial support levels. Its 24-hour range is $18.6k-$19.5k as it’s currently trading below its 10- and 50-day moving average. Bitcoin topped at $19.5k which then hit a sell wall and has a new target to hit. This rejection was the result of a wall of sell orders ready to lock in a profit between $19,450 and $19,550.

BTC/USDT 4-hour chart (Binance). Source: TradingView.com
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