2024

Shuffle

United

Bitcoin

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In a whirlwind of activity,&nbsp;<a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-sounds-alarm-amid-bank-failures-advocates-bitcoin-as-parachute">Bitcoin</a> has experienced a significant shuffle on the&nbsp;<a href="https://u.today/225-billion-shiba-inu-shib-disappear-from-major-us-exchange-in-unknown-wallet">Coinbase</a> exchange, hinting at potential bullish momentum on the cryptocurrency market. Within the span of just a few hours, a total of 4,069 Bitcoin, valued at $182.26 million, were initially transferred from an undisclosed wallet to Coinbase Institutional.&nbsp;
Subsequently, withdrawals totaling 2,510 Bitcoin, equating to over $112 million, were made to two separate unidentified wallets. Following this, an additional 1,359 Bitcoin, valued at $60.8 million, were transferred from Coinbase Institutional to a new undisclosed wallet, as reported by&nbsp;<a href="https://x.com/whale_alert/status/1755549525647687803?s=20">Whale Alert</a>.
<blockquote>
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,069 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (182,263,039 USD) transferred from unknown wallet to Coinbase Institutional<a href="https://t.co/8PltAa5lYH">https://t.co/8PltAa5lYH</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1755549525647687803?ref_src=twsrc%5Etfw">February 8, 2024</a>
</blockquote> 
This flurry of transactions, strategically timed just prior to U.S. trading hours, suggests the involvement of significant institutional investors within the United States.
<h2 dir="ltr" id="bitcoin-price-eyes-27-upside">Bitcoin price eyes 27% upside</h2>
In parallel with these developments, prominent crypto analyst&nbsp;<a href="https://x.com/ali_charts/status/1755529302441951485?s=20">Ali Martinez</a> has provided insights into Bitcoin's on-chain metrics. Martinez highlights the resilience of Bitcoin, citing a significant volume of 1.02 million BTC transacted within the $42,560 price range.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bc3808b8-2ca0-408f-b958-e52aee98c957" src="https://u.today/sites/default/files/inline-images/GFzjsh2WEAA0HMN.jpeg">Source: <a href="https://x.com/ali_charts/status/1755529302441951485?s=20">Ali Martinez</a>
Such robust on-chain activity suggests strong support for Bitcoin at this critical level. Martinez also identifies key resistance levels at $47,360 and $56,970, indicating potential price targets for an upward trajectory.
If Martinez's projections materialize, with Bitcoin reaching the upper resistance level of $56,970 per coin, it would signify a remarkable 27% increase from the current market price. Investors are eagerly watching to see whether the recent flurry of&nbsp;<a href="https://u.today/satoshi-nakamoto-appears-on-times-square-in-new-york-city">BTC</a> transfers on Coinbase will indeed propel the cryptocurrency toward these anticipated highs, or if unforeseen factors will dampen its ascent.

$355 Bitcoin Shuffle Unfolds on Coinbase as BTC Price Eyes 27% Upside

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