Bitcoin has pushed into a major resistance zone, where whale sell walls and Fibonacci targets now meet around the same area. Two separate charts show the market testing overhead supply near $69,000, while support at $67,467 may decide whether the move continues or fades.
Bitcoin Faces Heavy Sell Wall Near $69,000 as Whale Order Book Tightens
Bitcoin moved toward a dense cluster of overhead sell orders on the 15 minute chart, while CoinGlass said whale liquidity between $68,800 and $69,600 could decide whether the current move extends or stalls.
In an update posted on X, CoinGlass said the thickest concentration of sell side liquidity sits just above $69,000. The chart shows Bitcoin grinding higher into that zone after a steady intraday recovery, with price approaching the lower edge of the overhead supply area near $68,800. That setup suggests bulls are now testing one of the most important short term resistance areas on the board.
BTC Perpetual 15 Minute Whale Order Analysis: Source: CoinGlass on X
At the same time, buy side support appears layered below the market. The chart marks notable bid zones near $67,200, then around $66,400, with deeper support clustered near $65,800. These areas may act as cushions if Bitcoin fails to break through the upper liquidity band and starts to pull back.
The broader order book structure shows price caught between stacked resistance above and several support levels below. According to CoinGlass, price is being pulled toward the overhead liquidity now. If buyers absorb the sell pressure above $69,000, that could open the way for a faster continuation move. However, if that supply holds, the current advance may end in another liquidity sweep and rejection.
For now, the key level remains clear. Bitcoin is pressing into a major whale sell wall, and the market’s reaction around $69,000 may shape the next short term move.
Bitcoin Hits 100% Fibonacci Target as Analyst Says Upside Can Extend Above $67,467
Meanwhile, Bitcoin reached the 100% Fibonacci level on the 1 hour chart, meeting what analyst Man of Bitcoin described as an ideal target for wave c of a larger corrective structure.
In a post on X, the analyst said further upside remains possible as long as Bitcoin holds support above $67,467. On the chart, BTCUSD traded near the upper part of a marked resistance area after climbing from a recent low near $64,974. The setup shows price rebounding strongly over the past few sessions and moving into a zone defined by Fibonacci retracement levels and wave projections.
BTC/USD 1H Chart: Source: Man of Bitcoin on X
The chart places immediate resistance near $69,136, with higher levels around $69,912 and $70,389. A broader target above sits near $71,759. These levels suggest Bitcoin may still have room to rise if buyers keep control and price stays above the key support line.
At the same time, the support level at $67,467 now stands out as the near term line to watch. If Bitcoin holds above it, the analyst’s view allows for more upside extensions. However, the broader structure still shows that BTC is trading inside a corrective framework, not a confirmed breakout pattern.
Below that, the chart marks deeper support near $64,974, with a lower level around $60,223. Those zones would likely return to focus if Bitcoin loses momentum and slips back below the current range.
For now, Bitcoin has reached a major technical target, but the next move may depend on whether bulls can defend $67,467 and push price through the resistance band overhead.
Source: https://coinpaper.com/15938/bitcoin-price-prediction-btc-tests-major-resistance-as-support-holds-below
