Bitcoin news: Is a new Bitcoin ATH about to be released? Large whales are betting on BTC

Bitcoin has once again become the center of attention as new bullish momentum is holding the crypto market. With Bitcoin USD currently trading at $103,856, traders and investors are wondering — will Bitcoin soon break the all-time high (ATH)? Driving this speculation is a major move by a whale that has just shaken the market. Let's explore the latest news about Bitcoin, analyze the BTC charts, and uncover why a big bullish trend may be imminent. Whale activity: A long-term buy position worth 390 million USD signals confidence in Bitcoin. In a major development, cryptocurrency influencer Ash Crypto reported that a whale has increased their BTC buy position to $390 million using 40x leverage. This is a bold bet that demonstrates the insider's confidence in an upcoming bullish BTC trend. Historically, such whale activity often occurs before strong moves towards a new ATH for Bitcoin. Technical analysis of Bitcoin: BTC is preparing to break out Current Bitcoin price USD: $103,856 Immediate resistance: $105,700 – breaking this level could trigger a rapid move to $110,000. Strong support: $100,000 – Bitcoin recently bounced off this important level, confirming it as a significant bottom. RSI ( Weekly ): 64.32 – still below the overbought zone, indicating further bullish potential.

The 50-week SMA at $79,979 reinforces Bitcoin's strong long-term bullish trend. With BTC comfortably trading above the major moving averages, the technical outlook remains very positive. Important BTC price levels to watch The first resistance level is between $105,700 and $110,000. If Bitcoin can break through this area, the bullish trend could extend to the range of $115,000 and even reach a new ATH for Bitcoin. On the support side, the key levels to watch are $100,000 as the main support level, followed by $86,939 as the secondary support level. A strong recovery from these areas will further confirm bullish sentiment. Current position of the Whale: What are the big players doing The latest data shows that the whale holding a BTC position worth 390 million USD is currently sitting on an unrealized profit of over 283,000 USD. This massive position is supported by 40x leverage, a clear sign that big players are betting heavily on Bitcoin's breakthrough. Other large positions in the market include over 41 million in kPEPE buy orders, which have generated more than 15 million in profit, and a significant position in XRP, although this position is currently at a loss.

This aggressive behavior of the whales indicates that smart money is preparing for a big move - potentially targeting Bitcoin to reclaim its all-time high or even surpass it. Bitcoin price prediction: Will Bitcoin reach a new ATH soon? With the strong moves of whales and Bitcoin USD hovering just below a major breakout level, all eyes are now on BTC. If the bullish momentum continues, Bitcoin could soon reach a new all-time high (ATH).

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments