Bitcoin price dips below $18K — Time to watch these 'whale cluster' support z...
Bitcoin price has lost the $18,000 support level but several whale clusters below suggest that the dip will get aggressively bought up. Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: TradingviewData suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in....
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For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the rally may continue. The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. Three key reasons are behind the dominant cryptocurrency’s strong momentum.The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.BTC/USD weekly chart (Bitstamp). Source: TradingviewWhales are still accumulating BitcoinAll throughout November, Cointelegraph reported that whale clusters were....
Whale cluster analysis suggests that both hodlers and whales were responsible for the latest sell-off. Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172.The cryptocurrency market began to drop once again after an initial relief rally on Monday. Bitcoin dropped from $57,400 to sub-$54,000, losing the $55,172 whale cluster support level.Bitcoin whale clusters. Source: WhalemapIn the near term, it is crucial for Bitcoin to rally above $55,172 and reclaim it as a support level. Otherwise,....
Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600. According to on-chain data from the analysts at Whalemap, $13,000 has become a support level for the price of Bitcoin (BTC). Whale clusters indicate that whales — or large BTC holders — are continuously accumulating.Whale clusters form when a large number of BTC are transferred to a new address and the BTC is unspent. This indicates that whales either bought or transferred their BTC to other whales, signifying buyer demand.A large whale cluster has emerged at the $13,000....
Bitcoin whale clusters show $57,046 and $60,045 are the crucial support and resistance levels in the short term. The price of Bitcoin (BTC) is attempting to break the $60,000 resistance level after more than a week of ranging.Whale clusters show that $57,046 and $60,045 are the crucial support and resistance areas in the short term. In other words, the probability of a strong breakout in the foreseeable future would increase substantially if Bitcoin stays above $57,046 and continues to test $60,000 resistance.Why whale clusters are important for BitcoinWhale clusters form when....
Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend.As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance.Why is this level important for more BTC upside? Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move....