You can see from these 3 pictures that there is A LOT of #Bitcoin for sale from $68,200 to $70,000...

But from $70,000 and up, there aren't that many!

$70,000 is what traders like to call "resistance." A lot of sellers want to get rid of their coins at that price.

This is likely psychological. A lot of people bought at 60k+ in 2021 and want to sell at a profit and chose a rounded number. Others think Bitcoin will never reach a new high. There are even some who think this is a Ponzi scheme.

Whatever it is...

Bitcoin ETFs are buying something like 10,000 BTC per day.

I think by the end of Monday, if not Tuesday, this wall of sellers will be taken down.

Thoughts?