Bullish sign: #Bitcoin #whale earns $90 million in month

Since the year began, wealthy investors have been buying Bitcoin (BTC), bringing its price to an all-time high. Whales—Bitcoin wallet addresses with massive sums of the coin—show these investments.

Since March 6, a Bitcoin whale has held 1,308 BTC worth approximately $90 million. According to Lookonchain, the address ‘bc1qag725vjxxpkkl5gshfkye9xn4p5vklrlhgkw5w’ owns this amount at $68,617 per coin. $BTC

The latest buy was a 113.735 #BTC Binance withdrawal on April 7 valued around $7.85 million. The Bitcoin whale's second-largest transaction this month was this. April 3 saw the greatest buy, 123.128 BTC worth $8 million.

History of Bitcoin Whale transactions. Source: Lookonchain BTC price analysis

Top cryptocurrency trades at $70,117, returning inside a price range lost on April 2. At $71,500 and $68,500, the range's highs and lows are critical resistance and support levels.

Technical analysis shows Bitcoin's short-term rally approaching $71,500 and then choosing. The 4-hour Relative Strength Index (RSI) indicates high momentum and a positive indication for Bitcoin whales to invest.


4-hour BTC/USD chart. Source: Finbold TradingView
Bullish signs for Bitcoin whales and investors
Meanwhile, Finbold has reported many optimistic signs for Bitcoin whales and investors this week. A market cycle study predicts the “most aggressive bull cycle” in BTC history, reaching new highs.

By press time, CoinGlass data suggested a BTC short squeeze over $72,000. Bitcoin whales might benefit from a resistance-breaking rally because to the massive number of leveraged liquidations in this zone.

The Bitcoin community confronts fundamental concerns amid encouraging whale activity and technical optimistic indications. Since Roger Ver's new book, 'Hijacking Bitcoin: The Hidden History of BTC,' was released. The book premiered on April 5 and became an Amazon best-seller in two days, challenging history.

However, the April 20 Bitcoin halving may focus investors on favorable economic fundamentals.