_Bitcoin Whales Return: Upswing Ahead?_👀⁉️
Bitcoin whales have started trading again, a sign that the downward trend resistance has been broken. This is the first sign of strength that BTC needed to show. My next target is $64,500. A potential breakout above the formation resistance will confirm the uptrend and signal a potentially strong upward price movement.
After a long period of negative data and significantly decreased whale transactions, the breaking of the downtrend has led to a rise from -14 to -1. If we can move into the positive region in the coming days, it will be even more positive. However, the only issue is that volumes are still low; it would be better if they increased slightly. For now, $62,000 support needs to be maintained, and volumes need a slight boost.
