According to the whale order book, a dense cluster of sell orders sits between $72,300 and $72,600, forming a major resistance zone.
This resistance region is already in effect, as Bitcoin’s price dipped 2.64% over the past day. It traded above $71,600 yesterday but has now fallen to $69,150 as of press time.
On the downside, smaller bids are visible around $69,200, offering some immediate support. However, stronger buying interest is positioned lower, between $68,200 and $68,500.
