key points:
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Bitcoin whales are adding to their BTC positions, while the price is below the high level of all time.
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If a new market improvement occurs, a possible bounce level is located between $ 90,000.
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Hyperlicid trader James WYNN indicates shaping low-timmframe value performance in large-volume traders.
Bitcoin (BTC) Only $ 94,000 can see support. If a fresh BTC price improves, it says a new analysis this week.
In its Latest X commentaryKeith Alan, Cofounder of Trading Resource Material Indicators, pointed to Bitcoin Bounce Zone in the 21-week moving average.
Bitcoin whales jump between “consolidation” value
Bitcoin continues to track sideways within the range of about $ 5,000 after killing $ 112,000 all-time high, from data Cointelegraph Market Pro And Tradingview Show.
For Alan, the market is giving positive indications on the future trajectory, large-volume traders are included in their BTC exposure at existing levels.
“BTC is consolidating above $ 100K and whales are accumulating,” he said briefly.
The chart simultaneously has an increase in the purchase volume which includes the two largest transactions classes, usually associated with whale institutions. Additionally $ 112,000 was confirmed as the highest asking level attracting liquidity by 27 May.
Continuing, Alan suggested that if the vendors temporarily gain control, a negative target may reinforce the average due to 21-week.
He said, “We are in a bull market and the trend is up, but there are no straight lines in trading and ‘only one myth. 7+ continuously green candles are rare, and often after a period of consolidation or improvement,” he wrote, referring to the weekly chart.
“If there is an improvement, I hope that support will support support on the trend line, currently confluence with a moving average of 21-week.”
First, Coincidence report On a more rigorous BTC price improvement approach, which can mean a retracement of the entire rebound started in April.
BTC liquidity game continues
Meanwhile, a whale continues to actively transmit its trades on social media, which attracts considerable attention to this process.
Connected: BTC price looks for $ 155k ‘trigger’ – 5 things to learn in bitcoin this week
James Vyan of Hyperlicid is near Headlines made Large quantities are included by entering various long and short BTC posts.
Their tricks have become a market sign of their own own market, in which Wynnn has been taken to the Wynn X to accuse other market participants to manipulate price action and try to separate them.
Latest data from monitoring resources Hyperdash WYNN’s latest 40x took advantage of a prolonged BTC position at an unrealistic loss of $ 3.4 million until 28 May.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
