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After a brutal correction 30% after the release of Bitcoin below $ 75,000, the first crypto again shows signs of vitality stabilization around $ 84,500. This significant reflection was reinforced by the announcement of President Trump about the temporary suspension of duties for most countries.
Whale Bitcoins continues to accumulate despite volatility
During this correction, the large Bitcoin holders, nicknamed the “Whale”, did not engage their assets during this correction.
According to the cryptocurrency data on the chain, these investors accept accumulation behavior comparable to the behavior observed during the consolidation phase in August-September 2023, a period that preceded a sharp increase in prices.
Historically, whale movements are a reliable indicator of future trends. During the crash of March 2020 associated with Covvi-19, these main players expected the fall massively by selling before the decline.
Their strategy of continuous accumulation today suggests that they perceive current correction as temporary and not as a major conversion of the market. This trust of experienced investors in the past was often preceded by an important assembly.
BTC face to face key technical resistance
Bitcoin is currently negotiated to only 5 % below its mobile average in 200 days ($ 87,100), which is a decisive technical level that confirms the bull conversion.
To verify this favorable scenario, BTC must maintain $ 81,000 support and exceed the threshold of $ 85,000, which coincides with its exponential mobile average after 200 days.
Risks still persist. Fall below the $ 80,000-81,000 zone could quickly highlight the sales pressure and cause a return to $ 75,000.
This situation joins the recent analyzes on the long -term holder (LTH), whose “net changes” indicator became positive for the first time in early April in six months.
This behavior associated with the fact that 63 % of bitcoins remained still for more than a year has revealed solid beliefs despite global economic turbulence.
Bitcoin is therefore at a crucial moment. If the buyer manages to restore the advantage over key mobile diameters, the bull cycle could be confirmed, supported by an increasingly resistant investor base in the face of market fluctuations.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.