Bitcoin rises 2.2% in September despite weak seasonality, $100M sell wall at $83K
- —September: +2.2%, July +7.36%, August +24.95% — three consecutive months of gains
- —A sell wall of about $100 million is concentrated at the $83K level
- —$83K-$86K zone: 1.07 million BTC accumulated, with the main cost basis at $85K
- —BTC has rebounded about 40% from its July low of $57,700
Why it matters: A break above the $83K-$86K zone would open the path to new highs, while a rejection would send the price back to support at $78K-$80K.
Source: Blockonomi