#BTCNextMove
Bitcoin is making waves, currently trading at **$96,467**, down **4.76%** from yesterday. đ But hold up! The charts are heating up with a **rising wedge pattern**âa potential signal of a major breakout or a bearish reversal. đđ
đĄ Key Highlights:
đč **Intraday High:** $102,738
đč **Intraday Low:** $95,718
đč **Next Resistance Zone:** $67,500âbreakout here could push BTC towards the psychological $70K mark. đ°
Technical signals:
â Bullish RSI divergence hints at short-term momentum.
â Bearish
divergence at the top suggests caution.
Will BTC break through and hit new highs, or is a pullback on the horizon? đ Only time will tell.
đ **Your thoughts?** Are you HODLing or waiting for the next dip? đč
#Crypto #Bitcoin #BTC #CryptoNews
Bitcoin Whale Moves 72,000 BTC Aged 7 Years Top Signal Or Altseason?
During the latest meeting of the Federal Reserve which happened yesterday, the rates were reduced by 25 basis points, and the policy changes began with altering the amount of cuts to be made the following year. The news consequences caused bitcoin to undo the market retracement.
After reaching an all-time high of 98k and shedding off 8%, BTC soon saw all the liquidity it needed. In addition to the economic slump, The Fed's decisions created turmoil in the bitcoin market as well as others.
A new major BTC whaleâs activity on chain generated curiosity in the other mob looking for angles. All in all it suggests with over 72,000 BTC moved it means the market is reaching its saturation point. Once in a while there are major swings at the early stages of the adoption curve, which turn out to be a leading indicator of price bottoms, since such major activities create emotions and liquidity in the market.
Despite the trend, the fact that BTC continues to trade above liquidity regions has put many investors at ease. The question still stands: is this a shakeout that directs the next pushes higher or is it a more significant correction?
