ALTWOW LOGO ALTWOW LOGO
  • HOME
  • PR
  • ALTCOINS
  • AIRDROP
  • DEFI
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Exchange News
    • ICO News
    • Mining News
    • Regulations News
  • EXCHANGE
  • CASINO
  • MORE
    • Advertising
    • ICO
    • Web Hosting
    • Affiliate Program
    • Wallet
    • Apps
    • BOTS
    • Cards
    • MINING
Reading: Bitcoin Whales Mimic Classic Bull Market Strategies as BTC Targets $72K
Share
Ad image
Altwow Blogging WowAltwow Blogging Wow
Font ResizerAa
  • ABOUT
  • TOS
  • Cookie Policy
  • Comment Policy
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Submit Guest Post
  • Sitemap
Search
  • HOME
  • PR
  • ALTCOINS
  • AIRDROP
  • DEFI
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Exchange News
    • ICO News
    • Mining News
    • Regulations News
  • EXCHANGE
  • CASINO
  • MORE
    • Advertising
    • ICO
    • Web Hosting
    • Affiliate Program
    • Wallet
    • Apps
    • BOTS
    • Cards
    • MINING
Have an existing account? Sign In
Follow US

Home - Bitcoin Whales Mimic Classic Bull Market Strategies as BTC Targets $72K

Bitcoin News

Bitcoin Whales Mimic Classic Bull Market Strategies as BTC Targets $72K

Agent 007
Last updated: 29/03/2024 9:16 pm
Agent 007
Published: 29/03/2024
Share
Bitcoin Halving Cycle Unveiled: A Four-Phase Journey
SHARE

Market Resilience: BTC Defies Coinbase-Induced Dip to Maintain Bullish Momentum

Bitcoin Whales Mimic Classic : Bitcoin’s upward trajectory remains unhindered as the leading cryptocurrency continues to exhibit resilience despite recent market fluctuations. Despite a temporary dip induced by regulatory concerns surrounding Coinbase, Bitcoin bulls stand firm, eyeing a potential surge to $72,000 in the near term.

Contents
  • Market Resilience: BTC Defies Coinbase-Induced Dip to Maintain Bullish Momentum
  • Whales’ Strategic Moves Amidst Market Volatility
  • Analysts Warn of Potential Fakeout Moves
  • Price Outlook: Breaking All-Time Highs Could Propel BTC to $80Ks
  • Conclusion: BTC’s Journey Towards New Heights

Whales’ Strategic Moves Amidst Market Volatility

Bitcoin whales, characterized by large holders of the cryptocurrency, are mirroring classic bull market strategies, fueling optimism among investors. Despite flash volatility triggered by legal disputes between Coinbase and the Securities and Exchange Commission (SEC), Bitcoin swiftly recovered from a dip below the $69,000 support level. Notably, whales strategically intervened to snatch liquidity near all-time highs, reinforcing bullish sentiment within the market.

Analysts Warn of Potential Fakeout Moves

While the market remains buoyant, analysts caution against potential fakeout price behavior resulting from manipulative liquidity maneuvers. Skew, a prominent trader, highlighted the emergence of bid support between $70,200 and $70,600 on the Binance order book, only to witness its subsequent removal. Despite these fluctuations, the overall market sentiment remains positive, with traders anticipating further price discovery.

Price Outlook: Breaking All-Time Highs Could Propel BTC to $80Ks

Amidst ongoing price volatility, traders remain optimistic about Bitcoin’s potential to breach all-time highs and surpass the $80,000 mark. According to Daan Crypto Trades, breaking the current price ceiling could pave the way for a swift ascent to the low $80,000s. Technical analysis suggests near-term trendline support, with the 200-period simple and exponential moving averages (MAs) on 4-hour timeframes providing additional reinforcement.

- Advertisement -

Conclusion: BTC’s Journey Towards New Heights

As Bitcoin continues its upward trajectory, market resilience and strategic maneuvers by whales underscore confidence in the cryptocurrency’s long-term prospects. Despite regulatory challenges and occasional volatility, the prevailing bullish sentiment persists, driving Bitcoin towards new milestones. With eyes set on $72,000 and beyond, Bitcoin’s journey towards mainstream adoption and price discovery remains underway, reshaping the landscape of the digital asset market.

Share This Article
Facebook Email Print
How to Build a Crypto Mining Rig: Step-by-Step Guide for Beginners
How to Build a Crypto Mining Rig: Step-by-Step Guide for Beginners
Uncategorized
How to Download Cudo Miner: Step-by-Step Guide
How to Download Cudo Miner: Step-by-Step Guide
Guide
How to Pay Taxes on Crypto Staking Rewards: Step-by-Step Guide
How to Pay Taxes on Crypto Staking Rewards: Step-by-Step Guide
Guide
Where Is Bitcoin Mined? Discover Top Crypto Mining Locations
Where Is Bitcoin Mined? Discover Top Crypto Mining Locations
Guide
ALTWOW LOGO

Altwow.com is your reliable source for the latest crypto news, exchange reviews, and blockchain insights. We provide accurate information on DeFi projects, trading platforms, and digital assets to help investors stay ahead in the fast-moving world of cryptocurrency.

[mc4wp_form]

Qucik Menu

  • ABOUT
  • TOS
  • Cookie Policy
  • Comment Policy
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Submit Guest Post
  • Sitemap

Quick Link

© ICURE Network. ICURE Design Company. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?