From late September, Bitcoin has embarked on an impressive bullish rally to reach price levels around its all-time high of $124,457. The indicator shows horizontal coloured bands at those price levels, with the colors representing clusters of orders resting around those zones. According to the KOL, Bitcoin has a high amount of sell orders packed around the $125,000 price level. Usually, a zone such as this with clusters of sell orders could act as strong resistance for the price. In analyzing the important immediate support levels, the crypto pundit highlighted the 20-day Exponential Moving Average (EMA20), which is currently near $118,447 as a vital threshold.