Bitcoin

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Crypto analyst and trader Ali Martinez has published a tweet saying that he spotted a buy signal on a <a href="https://u.today/btc-evangelist-max-keiser-gives-fine-proof-that-everything-goes-zero-against-bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> chart. He has explained what the flagship cryptocurrency needs to do now in terms of technical analysis in order to regain its position above the $30,000-$31,000 levels. 
<a href="https://u.today/elon-musks-new-tweet-gets-unexpected-bitcoin-response-from-michael-saylor-details" rel="noopener noreferrer nofollow">card</a> 
<h2 id="buy-signal-on-btc-12-hour-chart">"Buy signal on BTC 12-hour chart"</h2> 
Martinez tweeted that the TD Sequential indicator has shown a buy signal for Bitcoin. However, he also spotted a reversal DOJI candle forming on the chart, which may indicate a bearish price reversal coming for Bitcoin soon. 
The analyst believes that if Bitcoin managed to avoid closing under the $29,800 level, it may <a href="https://u.today/bitcoin-to-15-million-cathie-wood-says-her-confidence-has-increased" rel="noopener noreferrer nofollow">become strong enough</a> to validate the bullish signal and rise as high as $30,600 or even maybe $31,300. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> | The TD Sequential presents a buy signal on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> 12-hour chart, coupled with the formation of a reversal doji candlestick. <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> must avoid closing below $29,800 to gain the strength to validate the bullish signal and climb to $30,600 or even $31,300. <a href="https://t.co/SiDknRbOlV" rel="noopener noreferrer nofollow">pic.twitter.com/SiDknRbOlV</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1681461078444900357?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2023</a> 
</blockquote> 
At the time of publishing this article, the leading digital currency is trading at $29,980, according to CoinMarketCap. Bitcoin's recent high gains, which it received on the news of BlackRock, Fidelity and other Wall Street companies filing for Bitcoin ETFs with the SEC regulator, have been partly erased by now. 
<a href="https://u.today/telegram-founder-durov-owns-crypto-heres-what-he-holds" rel="noopener noreferrer nofollow">card</a> 
<h2 id="whale-that-pushed-btc-down-in-winter-is-doing-it-again">Whale that pushed BTC down in winter is doing it again</h2> 
According to a tweet published by the "Smart Whale" tracker @lookonchain, a short while ago, a <a href="https://u.today/major-ethereum-whale-awakens-after-8-years-of-dormancy" rel="noopener noreferrer nofollow">whale transferred</a> 4,451 BTC to the Binance exchange. That chunk of Bitcoin is the equivalent of $133.7 million. 
The tweet says that the same whale also deposited approximately 5,000 BTC on Jan. 30 (evaluated at $188 million back then). After it happened, the price of Bitcoin slumped roughly 4.2%&nbsp;— from roughly $23,700 to $22,700. 
<blockquote class="twitter-tweet"> 
 A whale deposited 4,451 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ($133.7M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> an hour ago.The last time the whale deposited a large amount of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>(5,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>, worth $118M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> was on Jan 30, and the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> dropped by ~4.2% after depositing. <a href="https://t.co/v5YzDKXYIC" rel="noopener noreferrer nofollow">pic.twitter.com/v5YzDKXYIC</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1681584804779933696?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2023</a> 
</blockquote> 
During the period between Oct. 6 and Dec. 15, @lookonchain continues, the same whale acquired approximately 25,160 BTC, paying $19,059 per Bitcoin on average. 
Currently, this wallet contains 15,603 BTC worth almost $470 million.

Bitcoin (BTC) Targets $31,300, Here's What Can Push It Up, Analyst Says

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