2024

bullish

Bitcoin

Coin

<p>The Bitcoin market has had recent trading sessions with large-scale investors making large purchases with BTC price showing remarkable gains. </p> 
<p>A recognized Bitcoin whale just invested in another 1,000 BTC, worth about $101 million. The same investor had similar large transactions two days ago. </p> 
<p>This one saw an acquisition of 1,000 BTC that cost $96.8 million at an average price of $96,794 per BTC. This indicates the possible anticipation of more gains to come.</p> 
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   <p lang="en" dir="ltr">A whale has accumulated another 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($101M) in the past 6 hours.<br><br>Just 2 days ago, this whale also bought 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($96.8M) at an average price of $96,794.<a href="https://t.co/iSYR0QiOKa">https://t.co/iSYR0QiOKa</a> <a href="https://t.co/SjS8g2O2FP">pic.twitter.com/SjS8g2O2FP</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1867248365056209325?ref_src=twsrc%5Etfw">December 12, 2024</a>
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<h2 class="wp-block-heading" id="h-bitcoin-price-consolidates-around-100k"><strong>Bitcoin Price Consolidates around $100K</strong></h2> 
<p>BTC price recently has shown huge stability, hovering around the $100,000 mark. It comes after a bout of intense volatility during which the cryptocurrency moved up and down, frequently gaining sharp corrections. </p> 
<p>The $100,000 consolidation point implies a big buyer presence here, preventing further drops, and setting a new baseline for the possible ups.</p> 
<p>Taking a look at analyst opinions, they note that there is ‘full euphoria’ in the market. This means that although we saw positive movement, the market could be over-bull, especially in the short term. </p> 
<p>The expert points out “fake outs” that could be pointing to a breakout, break of resistance, or break down at support that didn’t hold. </p> 
<p>According to them, the recent recovery given seems to have been the fake out and if so, it appears it happened below a support level luring bears just before moving back up.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <br><br>We saw a fake-out yesterday, but I think we'll see $110K in very near term tbh<br><br>Funding is fully reset after that minor reset to 94K this week<br><br>I don't see full euphoria, we're not even close<br><br>Sidelinooors waiting for sub 90K probably<br><br>Up<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Rhx8zqWIJ7">https://t.co/Rhx8zqWIJ7</a> <a href="https://t.co/hQEH93aYrI">pic.twitter.com/hQEH93aYrI</a></p>— Phoenix (@Phoenix_Ash3s) <a href="https://twitter.com/Phoenix_Ash3s/status/1867484988066734407?ref_src=twsrc%5Etfw">December 13, 2024</a>
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<p><a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/">BTC</a> price is approaching a recent rally towards a resistance zone at $104,285.37 according to the expert’s chart. </p> 
<p>The price came back to consolidate at a support level of $101,901.83 after a dip, making it worth noting. The resistance might be a turning point for the projected rally to $110,000.</p> 
<h2 class="wp-block-heading" id="h-will-bitcoin-break-out-of-consolidation"><strong>Will Bitcoin Break Out of Consolidation?</strong></h2> 
<p>After all the rapid ascents and descents in earlier months, Bitcoin is apparently within a wider price range of this psychologically significant price point with reduced volatility. </p> 
<p>This behavior is indicative of a growing maturation of the market. This is where less panic selling and more strategic buying emerge as participants become used to Bitcoin trading at ever higher baseline prices.</p> 
<p>On 1 hour BTC/USD charts we see the current price around $100,093.90, having recently hit $100,349.77 and $100,008.85 low. </p> 
<p>The chart above shows a consolidation zone where Bitcoin price ranges between approx $100,000 and $101,000. </p> 
<p>This means price stability within that narrow range without bulls or bears in charge for a period of indecision from the traders.</p> 
<p>The stables are relatively low volumes at the bottom of the chart with a few spikes and peaks. The green bars denote buying volume and the red represents selling volume. </p> 
<p>More importantly, the selling volume has been relatively light and could be a good sign if there is a spike in buyer momentum leading to increased upward movement.</p> 
<p>The movement in the consolidation range is not too aggressive suggesting that maybe the traders are waiting for some heavy external freight or market event to make a more decisive move. </p> 
<p>It can often break out or break out based on sharp market sentiment or news that is breaking. </p> 
<p>Further upward momentum could be triggered if the BTC price breaks above the $101,000 resistance and buying pressure increases.</p> 
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   1-hour BTC/USD Chart | Source: TradingView
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<p>The bullish sentiment in the market is likely to eventually carry the trajectory to $110K considering the current market conditions. </p> 
<p>Bitcoin could climb to the $110,000 mark if BTC price maintains its support level and raises its way through the succeeding resistance around $105,000.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/14/btc-price-stabilizes-around-100k-whales-accumulating-110k-next/">BTC Price Stabilizes Around $100K, Whales Accumulating, $110K Next?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

BTC Price Stabilizes Around $100K, Whales Accumulating, $110K Next?

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