Bitcoin

April

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chz-coin-climbs-as-bitcoin-whales-make-strategic-moves">CHZ Coin Climbs as Bitcoin Whales Make Strategic Moves</a><br></p>
<p style="text-align: justify">While <a href="https://en.bitcoinhaber.net/bitcoins-swift-recovery-rebounding-from-40280-to-42000">Bitcoin</a> continues to hover above the $69,000 mark, a modest pullback from its peak has led to a mixed impact on the altcoin market. One standout amidst the general downtrend is CHZ Coin, which has managed to maintain its position around $0.15. Investors and market watchers are curious about the future prospects of CHZ Coin and the actions of Bitcoin whales.</p> 
<h2 id="chz-coin-s-bullish-persistence">CHZ Coin’s Bullish Persistence</h2> 
<p style="text-align: justify">CHZ Coin currently trades at $0.149, boasting a daily increase of over 3%. It shines as a rare gainer in a predominantly bearish altcoin landscape. The aim for the week is to secure a close above the $0.156 mark—a target that has seen resistance in four previous attempts since late February due to profit-taking. This week signals a more resolute rebound from the support level, as CHZ bulls navigate the turbulent Bitcoin prices. Overcoming the resistance levels of $0.156 and then $0.17 in April could potentially propel the rally to the $0.2 threshold or higher. Spikes reaching up to $0.27 are conceivable if momentum continues and fan token interest surges around league finals and cup matches.</p> 
<h2 id="whale-activity-in-the-bitcoin-sea">Whale Activity in the Bitcoin Sea</h2> 
<p style="text-align: justify">Despite Bitcoin’s price instability, larger investors, or whales, are actively accumulating. The shift of <a href="https://en.bitcoinhaber.net/proshares-bitcoin-strategy-etf-faces-sharp-decline-in-trading-volume">BTC</a> holdings from mid-sized ‘Shark’ investors to larger ‘Whale’ accounts suggests the capitalization on immediate profit opportunities. Smaller whales, with holdings between 100-1,000 BTC, have been on a selling trend since March 12. However, the growth in the number of larger whale accounts hints at market optimism and a potential reduction in sell-off pressure. This cautious accumulation by the larger whales, less perturbed by short-term fluctuations, could indicate preparation for gains anticipated post-Bitcoin halving. With a positive outlook suggested by steady inflows in the ETF channel, the conditions seem favorable for growth in the following months, potentially influencing smaller investors to increase their stakes as well.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chz-coin-climbs-as-bitcoin-whales-make-strategic-moves">CHZ Coin Climbs as Bitcoin Whales Make Strategic Moves</a></h5>

CHZ Coin Climbs as Bitcoin Whales Make Strategic Moves

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