$BTC a US$83,500: bullish pressure or a drop?
$BTC is trading at US$83,500 after a 2.54% rise in 24 hours. According to Decrypt, a whale that has been present during every crash since 2020 just moved $377 M, although the transaction has not yet been confirmed.
The day's range is between 81,034 and 84,168, with volume at 1,194 M. EMA20 at 83,261 and EMA50 at 83,470 indicate a sideways trend; an RSI of 52.1 shows neither overbought nor oversold conditions.
My take: the $377 M inflow could push buyers to test nearby resistance, but if the whale is accumulating, the short-term momentum could fade.
Key support is at 81,034 and resistance at 84,972. If the price breaks above 84,972, the bullish scenario is validated; if it falls below 81,034, the downtrend is triggered. $ZEC (+8.2%) and $SUI (+4.7%) are also moving.
Will it break 84,972 or return to 81,034? 🟢/🔴
#Bitcoin #Whale #DeFi
This is not financial advice. Verify before investing.
$BTC is trading at US$83,500 after a 2.54% rise in 24 hours. According to Decrypt, a whale that has been present during every crash since 2020 just moved $377 M, although the transaction has not yet been confirmed.
The day's range is between 81,034 and 84,168, with volume at 1,194 M. EMA20 at 83,261 and EMA50 at 83,470 indicate a sideways trend; an RSI of 52.1 shows neither overbought nor oversold conditions.
My take: the $377 M inflow could push buyers to test nearby resistance, but if the whale is accumulating, the short-term momentum could fade.
Key support is at 81,034 and resistance at 84,972. If the price breaks above 84,972, the bullish scenario is validated; if it falls below 81,034, the downtrend is triggered. $ZEC (+8.2%) and $SUI (+4.7%) are also moving.
Will it break 84,972 or return to 81,034? 🟢/🔴
#Bitcoin #Whale #DeFi
This is not financial advice. Verify before investing.