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Bitcoin gets green light for price discovery with ‘almost no supply’ on exchanges above $59K
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Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said.
Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance levels.
With $60,000 hitting for the first time since April, the odds are on for new all-time highs — and the timeframe for these keeps getting smaller.
Now, a look at exchange conditions shows just how easily BTC/USD should jump into uncharted territory beyond $64,500.
“Price discovery shall commence very soon,” Whalemap commented on a chart showing BTC supply levels by price.
The only hurdle left is a sell-wall at the current highs, something which has been countered by bullish data about the origins of the current
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