#UptoberBTC70K? #SCRSpotTradingOnBinance #BinanceLabsInvestsLombard #USRetailSalesBoost #TeslaTransferBTC
Bitcoin ($BTC BTC), which is approaching $69,000, has given the green light to the bull season with whale activities.
This development has increased the expectation of new records among investors and analysts. According to Santiment data, when the price fell to $59,000 on October 10, there was a net increase of 268 in the number of wallets holding 100 to 1,000 BTC. The fact that large investors made purchases during this period indicates the expectation of a significant price increase.$BTC
Bitcoin is currently trading close to the $70,000 level. This level has triggered sales as a resistance point five times in the last seven months. However, increasing purchases by whales indicate that this resistance may be weakening.
Bitcoin is trading at $68,383 and is testing new supply levels. The price had a brief pause at $68,998 and is now preparing to push new highs. Staying above the 200-day moving average ($63,322) is critical for the continuation of the upward momentum.
Analysts state that if the price fails to break $70,000, a correction may occur and this may increase the liquidity of the market and support a new rally. Investors emphasize that the price movements in the coming days will determine the long-term outlook of Bitcoin.
Ali Martinez, known for his cryptocurrency analyses, excited his followers with his Bitcoin analysis on October 18. According to Martinez, BTC will test $78,000 with the breakdown of the falling channel structure. The analyst,
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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Suzie Bueckers PDPE
Whales hunt in groups. How do you know if this isn't bait? Well if you have a trade plan and you stick to it, perhaps you can go whaling with them. đđđ
