Bitcoin Eyes $88.8K Breakout as Key Sell Walls Stack Up
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Bitcoin trading near $80,870; analysts (CryptoQuant) say a confirmed bottom requires a decisive break and hold above $88,880 resistance. Heavy sell pressure and stacked sell walls expected in the $85,000–$88,000 zone as holders seek exits, risking capped rallies. Sentiment flips bullish above $80K but could trigger sharp volatility; market risk remains elevated for crypto traders and investors.
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- Bitcoin nears $88.8K resistance as analysts watch whether a confirmed bottom is forming or failing.
- Traders see heavy sell pressure building as holders aim to exit near key Bitcoin resistance zones.
- Sentiment turns bullish above $80K, but analysts warn rising optimism may trigger sharp volatility.
Bitcoin faces another major test as analysts watch whether the cryptocurrency can break above $88,880 and hold the level. CryptoQuant said on X that the market cannot confirm a bottom until Bitcoin clears that price range convincingly.
The warning came as Bitcoin traded near $80,870 while many investors who bought at higher prices still waited to exit their positions. Analysts said those holders could increase selling pressure during rallies between $85,000 and $88,000.
CryptoQuant analyst IT Tech said several resistance levels continue limiting Bitcoin’s recovery. …
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