CoinGlass sees $68K as Bitcoin’s next major support

CoinGlass said on its official X account that Bitcoin’s next major support is likely around $68,000. The market data analytics firm said large buy orders were concentrated in the $67,000-$68,500 range on Binance BTC perpetual futures, while dense buy walls had also formed around the current price zone of $72,000-$73,500. By contrast, sell orders were waiting in the $74,000-$75,000 range, including as much as about $12.93 million, and the order book’s buy-sell imbalance stood at around -9.2%, indicating selling pressure held the upper hand, CoinGlass said. It added that limit orders can be canceled or moved, so the buy wall cannot be definitively seen as actual support. According to CoinMarketCap, BTC was trading at $73,835, up 0.98%.