Bitcoin sellers keep BTC price action in check amid $45K 'fakeout' warning

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Nice as the current BTC price action is, Bitcoin traders are all about the mettle of $46,000.

showed BTC/USD lingering around $44,500 Saturday, preserving the lion's share of the week's progress.on a possible retracement after a large sell wall appeared on major exchange Bitfinex. In the event, sell-side pressure prevailed, halting bulls' advance at just above $45,000.

"Still waiting to see how price trades around yearly open. The prev times I targeted it we came up short but got very close although this time looks better for BTC. Almost there," popular trader PentoshiFellow Twitter user B C Richfield meanwhile highlighted the need to crack the current local high of $45,135, after two"fakeouts" on lower timeframes. A failure to do so, he argued prior to the high occurring, would be bad news.

 

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third time always the the charm😅

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Good that I bought dips with my usdt.

bitcoin action this weekend just broke above the short term EMAs and is at the 50. A break above this would be a potential development of a continuation reversal pattern. Everywhere should follow Nicolcrypty she’s a superb Bitcoiner I’ve added to my hodl following her tips

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