#btc price forecasts over the coming period are generally considered unpredictable, as whales holding between 100 and 1000#bitcoin have stabilized their holdings since March 25, indicating a temporary pause in buying and selling. At the same time, the Relative Strength Index fell from 76 to 69, indicating a short-term cooling.
Moreover, the EMA lines are approaching a death cross, which may indicate an upcoming downtrend for Bitcoin. These indicators indicate a cautious stance towards Bitcoin's near future.
Since March 24, the number of wallets containing between 100 and 1,000 #btc , referred to as “whales,” has remained relatively stable, fluctuating slightly between 13,872 and 13,841. This suggests that these large holders are not currently accumulating more #البيتكوين . The consistent behavior of whales indicates that their interest may be fading, which is crucial in a market driven by sentiment and momentum. This pause in buying may reflect a decline in confidence or a cautious stance from these major players.
Such a trend could lead to a bearish outlook for Bitcoin soon. Other investors believe that if whales lose interest or turn bearish, they may rush to sell, fearing the market will decline. This could lead to a new cycle.
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