Bitcoin Value Forecast: As Indicated by Ali Martinez, Whales Acquire $4 Billion in BTC in Two Weeks, Traders Rush into This ICO for Complimentary Bitcoin
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The price of Bitcoin has dipped marginally in the past 24 hours, trading at $94,757 as of 3:30 a.m. EST, due to a decrease in trading volume to $25 billion, dropping by 21%.
This slight drop in Bitcoin's price comes amid reports by analyst Ali that large Bitcoin investors, referred to as whales, have added more than 43,100 BTC to their hoardings during the last fortnight, worth a staggering $4 billion.
Data from CryptoQuant reveals a surge in whale-owned Bitcoin, with total whale holdings reaching 3.154 million BTC on April 15, up from 3.111 million BTC on April 15.
Whales gobble up more than 43,100 #Bitcoin $BTC worth almost $4 billion!
With whales continuing to accumulate Bitcoin, market analysts believe this trend suggests substantial investor confidence in the digital gold's long-term potential. As Bitcoin navigates a volatile trajectory with ups and downs, the recent whale accumulation could significantly influence the market's mood and direction in the short term.
Bitcoin Retains Bullish Momentum Above $94K
As we speak, the BTCUSDT pair trades at $94,757 and keeps its bullish momentum after a strong reversal from the $80,000 support area. The technical landscape shows a shift in market dynamics following months of consolidation and minor corrections.
The breakout from the bearish pattern earlier this year marked the beginning of a prolonged uptrend, further substantiated by a double-bottom formation, a strong bullish signal. Post the breakout, Bitcoin recaptured a key support level and overcame the market structure, filling a value gap between $85,000 and $90,000.
This region serves as a potential support if prices face a short-term dip. The RSI (Relative Strength Index) currently reads 62.61, indicating a sustained bullish momentum, but with room left for further gains before the asset enters overbought territory.
Bitcoin Aims for $100K as Bullish Energy Builds
The current price action tests a resistance zone situated between $96,000 and $100,000, which previously acted as a barrier this year. A successful break above this level could pave the way for the much-anticipated $100,000 psychological milestone.
Should the attempt fail, market participants may observe some consolidation or a minor correction towards the $90,000 level, now acting as a critical support.
In terms of fundamental analysis, the whale activity significantly bolsters the bullish argument. This confluence of strong technical structure, strengthening investor sentiment, and increasing liquidity has positioned Bitcoin favorably as we enter May.
Restless traders are now vigilantly watching the $96,000 to $100,000 resistance range, bracing for a potential breakout if demand remains robust. As long as BTC maintains its momentum and sustains its support levels, a move towards $100,000 is becoming increasingly probable in the near term.
BTC Bull Token Presale on a Path to $6M - Is this the Hottest Crypto Investment Right Now?
With Bitcoin consolidating for a possible breakout, a new presale token, the BTC Bull Token (BTCBULL), has stirred enormous interest among investors, having already amassed over $5.1 million in the presale.
Equipped with enticing staking rewards and scheduled airdrops, BTCBULL is quickly gaining traction as one of the most talked-about presales in the crypto world. The token was created on the premise that Bitcoin, the largest cryptocurrency by market cap, could reach heights above $1 million per coin or even more.
As such, BTCBULL's design incorporates an incentive system that rewards token holders with free Bitcoin. The first airdrop will be unleashed when Bitcoin hits $150,000, while additional rewards will be triggered each time BTC advances another $50,000.
🚀 BTCBULL exceeds $5M raised! 🚀
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A built-in burn mechanism will also reduce the token's supply when Bitcoin surpasses $125,000, a continuous process that aims to decrease supply and create upward pressure on the BTCBULL price.
As the crypto community buzzes with excitement, even the popular 99Bitcoins YouTube channel, boasting 725k subscribers, predicts that the token could experience a 10x surge following the launch.
Investors Chase 79% Staking Rewards
Curious investors are already diving into the presale, with over 1.3 billion tokens already staked to earn an impressive 79% annual return.
If you're interested in participating, buy BTCBULL for $0.002485 through the purchase widget conveniently placed on the project's website by using either cryptocurrency or a bank card.
For the best user experience, it's recommended to download Best Wallet, a multi-chain wallet perfectly synchronized with BTCBULL's reward system. Holding BTCBULL within the app ensures automatic Bitcoin airdrops as BTC touches key price milestones.
Keep in mind that the price is set to increase within just an hour, leaving a limited window for prospective buyers to lock in the lowest rate.
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- Market analysts believe the trend of whales accumulating Bitcoin suggests substantial investor confidence in the digital gold's long-term potential.
- In the near term, a move towards $100,000 for Bitcoin is becoming increasingly probable due to the confluence of strong technical structure, strengthening investor sentiment, and increasing liquidity.
- BTC Bull Token, an exciting new cryptocurrency, has already amassed over $5.1 million in its presale, gearing up for a potential 10x surge following its launch.
- Hoping to capitalize on the bullish Bitcoin market and receive Bitcoin airdrops, some investors are staking over 1.3 billion BTC Bull Tokens (BTCBULL) to earn an impressive 79% annual return.
