Buy Bitcoin Whales BTCThe
Bitcoin whales are on the move again, as this Bitcoin news shows. This is mainly because the market is showing some recovery again and bitcoin whales are filling their wallets. With this run on BTC, of course, many are now assuming that a big price rally is just around the corner.
Investors are increasing their holdingsIn
June and July, as well as the first half of August, whales have increased their Bitcoin holdings significantly. In particular, whale investors with at least $50 million in their wallet added more BTC, according to this Bitcoin News from Independent
. This is probably because there are signs that the market is recovering again. This of course leaves room for speculation. Is a price rally imminent?
As a result, many are assuming that a price rally could be on the way. After plummeting to below $30,000 in May, BTC rebounded and rose to $50,000 in recent weeks.
Bitcoin News: $3 billion worth of BTC boughtMicroStrategy
was one of the most bullish buyers of BTC. The company purchased over 100,000 BTC worth around $3 billion. Back in the summer, MicroStrategy bought 3,900 BTC, joining the whale investors who contributed to the $10 billion bitcoin total.
Sales trader for UK digital asset broker GlobalBlock, Alexandra Clark, made the following comments to Independent.
Bitcoin’s simple and exponential moving averages are giving strong buy signals … In addition, MicroStrategy continues to add to its Bitcoin portfolio – this support could stabilize the pullback and keep the breakout above $45,000.
However, DailyFX market analyst Daniela Hathorn also believes that the price trend is positive if BTC stays above its 200-day moving average of $45,750. However, she also believes that BTC maintaining its momentum towards the $55,000 level will be the biggest challenge for buyers.
Of course, we can’t look into the crystal ball, but this bitcoin news promises a lot. Looking at the analytics, however, BTC could du
rchaus are facing a major increase.
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