Odaily reported that Garrett Jin, described as an agent for the "1011 insider whale," said in a post on X that the current setup for Bitcoin bulls does not look very encouraging. According to his view, he does not want BTC to remain above $76,500 for an extended period. The longer the price stays around that level, the greater the chance that it could break below support and move lower in search of a new support area. Jin added that if Bitcoin is to show stronger price action, it needs to reclaim and hold $78,300. The remarks frame $76,500 and $78,300 as the key levels he is watching in the near term.
According to Odaily, Garrett Jin, described as an agent for the "1011 insider whale," said in a post on X that the current situation for Bitcoin bulls is "not very optimistic." He said he does not want BTC to keep staying above $76,500.
Jin said that the longer the price remains around that level, the more likely it is to break below that support and look for support at lower levels. In his view, if Bitcoin is to show stronger momentum, BTC needs to move back above $78,300 and hold that level.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
