Beware the Bitfinex whale: New $45K BTC sell wall appears amid worries Bitcoin could retrace

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Beware the Bitfinex whale: New $45K BTC sell wall appears amid worries Bitcoin could retrace
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I spy a Bitcoin sell wall! Bitfinex whales look increasingly happy to sell above $45,000.

Cointelegraph contributor Michaël van de Poppe, meanwhile, flagged"a dozen" possible lower price targets should BTC/USD sweep liquidity at previous rejection points from March, these also lying just above $45,000.

"I'm not saying I'm bearish at this stage, but while we're making this build-up, I'm not really interested in longs at this point," heOnly a rechallenge of $50,000, he added, would form the impetus to consider long positions.Van de Poppe added that altcoins were also on the radar and that it would be interesting to see how Ether , in particular, deals with upcoming resistance.

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