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Bitcoin Whales Amass 19,760 $BTC , Hinting at Possible Price Surge
As reported by Foresight News, findings from IntoTheBlock show that large Bitcoin holders, defined as those possessing over 0.1% of the total Bitcoin supply, have boosted their holdings by 19,760 BTC, with an average acquisition cost of $62,500. The data from IntoTheBlock implies that historically, accumulation by such addresses frequently foreshadows an uptrend in Bitcoin's price. $SOL $ETH to also soar.
As reported by Foresight News, findings from IntoTheBlock show that large Bitcoin holders, defined as those possessing over 0.1% of the total Bitcoin supply, have boosted their holdings by 19,760 BTC, with an average acquisition cost of $62,500. The data from IntoTheBlock implies that historically, accumulation by such addresses frequently foreshadows an uptrend in Bitcoin's price. $SOL $ETH to also soar.
Here's the key $BTC takeaway:
đŽ Currently assessing the 60k resistance.
đŽ Failure could result in a drop to 52k within a week.
đŽ Further failure might lead to a decline below 44k.
đŽ A breach could trigger panic selling.
đŽ If it declines, it may break through 30k and dip to 16k before bouncing back.
đą Keep fiat money ready to accumulate during dips. Corrections are natural in BTC cycles, so capitalize on them by investing more at each resistance level for increased gains.
đą If you purchased at the recent all-time high (ATH), there's no urgency to sell. Patience could yield profits over time, as it might take a while for BTC to reach another ATH.
đą Post-halving, each BTC's actual value could be around 80k, hinting at a potential future ATH at or above that level. The deeper the current correction, the greater the potential for a rebound.
Disclaimer: Contains third-party viewpoints. Not financial advice. Refer to T&Cs.
$ETH $SOL
đŽ Currently assessing the 60k resistance.
đŽ Failure could result in a drop to 52k within a week.
đŽ Further failure might lead to a decline below 44k.
đŽ A breach could trigger panic selling.
đŽ If it declines, it may break through 30k and dip to 16k before bouncing back.
đą Keep fiat money ready to accumulate during dips. Corrections are natural in BTC cycles, so capitalize on them by investing more at each resistance level for increased gains.
đą If you purchased at the recent all-time high (ATH), there's no urgency to sell. Patience could yield profits over time, as it might take a while for BTC to reach another ATH.
đą Post-halving, each BTC's actual value could be around 80k, hinting at a potential future ATH at or above that level. The deeper the current correction, the greater the potential for a rebound.
Disclaimer: Contains third-party viewpoints. Not financial advice. Refer to T&Cs.
$ETH $SOL
