Whales provide shortterm price ceiling
Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new multiweek highs of 21671 on Bitstamp

The pair capitalized on a short squeeze which began early on Sep 9 taking it around 10 higher after plumbing the lowest levels since the end of June

Analyzing the events onchain monitoring resource Whalemap noted that clusters of buyins by whales had effectively allowed Bitcoin to put in a floor

19000 had been a highvolume zone of interest for buyers previously and this thus remained unviolated during the visit to twomonth lows

As Cointelegraph reported two other key whale support zones lie at 16000 and 13000

Whale support at 19k worked almost perfectly to the upside the Whalemap team commented

An accompanying chart showed the significance of the mid21000 corridor in which BTCUSD was acting on the day In addition to being of interest to whales the zone functioned as support in midAugust before flipping to resistance

#btc
Source:- cointelegraph.com