Bitcoin Bitcoinprice BTC Ether Bitcoin price trades near support at $19.2k as all eyes focus on the Ethereum Merge
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Data from TradingView shows that at the same time as the DXY was retreating, Bitcoin price rallied from a low of $18,550 to an intraday high of $19,502 in late trading on Wednesday, and has since traded sideways, with bull and bears battling for control of support at $19,200.The recovery from Wednesday’s lows was noted in the morning Bitcoin update from Senior Kitco Market Analyst Jim Wyckoff, who noted that “Bitcoin-U.S. dollar prices are firmer in early U.S.
Further insight into what a slide lower might look like was provided by the on-chain data firm WhaleMap, which posted the following chart highlighting some of the major areas of accumulation where “Whale wallets” are known to be active.According to Whalemap, there are “Three increasingly more painful BTC levels according to on-chain. $19k, $16k and $13k.
The way $ETH doesn't heave so heavy when $BTC does and picks back up quickly afterwards gives me some encouragement going into the merge.
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