đšđšBitcoin Whales Awaken! $11 Million Moved After 10 Years â Market Is Stressed! đłđ°
As Bitcoin hovers around $59,825, two previously dormant Bitcoin whales have just woken up, moving a staggering $11 million in 10 years! These sudden transfers have sparked massive speculation in the crypto market, raising questions about potential market changes. đ
âĄïžMain Event
âWhales Awaken After 10 Years: Dormant Wallets, Inactive Since Satoshi's Time, Suddenly Move 174 BTC ($10.16 Million) đš
âImpact on Bitcoin Price: As the price nears a key resistance level around $61,870, speculation is growing about a potential bullish momentum or an impending pullback.
âBlockchain Buzz: The reactivation of these wallets, often associated with early miners, has sent ripples through the crypto community. đł
âĄïžBitcoin At Critical Level đ
Bitcoin is trading near $59,825, forming an ascending triangle patternâa bullish indicator. With support around $59,300, there is a chance of a breakout if the price holds above this level. However, the main hurdle lies at the resistance level of $61,870, which could limit any gains.
âĄïžMarket Trends
âSupport level: $59,300 is a key support level where buying opportunities may arise.
âResistance: Keep an eye on $61,870âa difficult ceiling that Bitcoin has struggled to break in the past. đ„
â50-day EMA: Providing further support near $59,355, reinforcing the bullish sentiment.
Remember: Bitcoin price could see a major breakout if it stays above $59,300. However, bulls must overcome the $61,870 resistance level to make further gains.
This sudden whale activity is being closely watched. Currently, the market remains in a state of tension, wondering whether Bitcoin will break through the resistance or retrace.