Bitcoin eyes big $58K resistance as new data shows hodlers acting the opposite to Q1 By Cointelegraph

© Reuters.

(BTC) confronted stiff resistance close to earlier highs on Oct. 8 as a recent push over $56,000 rapidly ended.

1-hour candle chart (Bitstamp). Supply: TradingView

Information from Cointelegraph Markets Professional and TradingView tracked BTC/USD because it got here off four-month highs of $56,150.

BTC/USD 1-day annotated candle chart (Coinbase (NASDAQ:)). Supply: William Clemente/Twitter
Hodled and Misplaced Cash chart. Supply: Glassnode/Twitter