Solana

Bitcoin

April

Dogecoin

<div class="finbold">
 <p class="paragraph">Highly capitalized investors have been accumulating Bitcoin (BTC) since the year started, driving the asset’s price to an all-time high. These investment activities are observable through Bitcoin wallet addresses holding large amounts of the coin, also known as whales.</p>
 <p class="paragraph">In particular, a Bitcoin whale has stacked 1,308 BTC, worth nearly $90 million since March 6. The address ‘bc1qag725vjxxpkkl5gshfkye9xn4p5vklrlhgkw5w’ currently holds this amount at a dollar-cost average of $68,617 per coin, according to <em>Lookonchain’s</em> post.</p>
 <p class="paragraph">Notably, its last purchase was on April 7, for a 113.735 BTC Binance withdrawal, worth over $7.85 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>. This was the Bitcoin <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>’s second-largest transaction during this <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a> of accumulation. The largest single purchase was 123.128 BTC, with a value superior to $8 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> on April 3.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="808" src="https://cdn.thebittimes.com/images/2024/04/08/bdae87c691a198601948aa867db904b1.webp" alt class="wp-image-167155" srcset="https://cdn.thebittimes.com/images/2024/04/08/bdae87c691a198601948aa867db904b1.webp 1024w, https://cdn.thebittimes.com/images/2024/04/08/bdae87c691a198601948aa867db904b1.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/bdae87c691a198601948aa867db904b1.webp 768w, https://cdn.thebittimes.com/images/2024/04/08/bdae87c691a198601948aa867db904b1.webp 1404w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin Whale transaction history. Source: <em>Lookonchain</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-btc-price-analysis">BTC price analysis</h2>
 <p class="paragraph">As of writing, the leading cryptocurrency is trading at $70,117, back inside a price range lost on April 2. Essentially, the range’s highs and lows are now key resistance and support levels, of $71,500 and $68,500, respectively.&nbsp;</p>
 <p class="paragraph">From a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> perspective, Bitcoin displays a short-term uptrend targeting $71,500 and further deciding from there. Moreover, the Relative Strength Index (RSI) in the 4-hour time frame suggests strong momentum and a bullish <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> for Bitcoin <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s to invest in.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp" alt class="wp-image-167156" srcset="https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp 1024w, https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp 768w, https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp 1536w, https://cdn.thebittimes.com/images/2024/04/08/c8af8e97122eb841a5c0f8b38b51a2cf.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC/USD 4-hour price chart. Source: <em>TradingView</em> (Finbold)
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 </figure>
 <h2 class="wp-block-heading" id="more-bullish-signals-for-bitcoin-whales-and-investors">More bullish signals for Bitcoin whales and investors</h2>
 <p class="paragraph">In the meantime, Finbold has been reporting multiple bullish signals for Bitcoin whales and investors throughout the week. For example, a market cycle analysis that calls for the “most aggressive bull cycle” in BTC history, with new highs.</p>
 <p class="paragraph">Interestingly, data retrieved from <em>CoinGlass</em> by press time hints at a potential BTC short squeeze above $72,000. This is due to the large amount of leveraged liquidations accumulated in this zone, which Bitcoin <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s could make a target for increased profits in a possible resistance-breaking surge.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp" alt class="wp-image-167157" srcset="https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp 1024w, https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp 768w, https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp 1536w, https://cdn.thebittimes.com/images/2024/04/08/71c62b064da467300559b119a6457af9.webp 1842w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin 1-month liquidation heatmap. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <p class="paragraph">Nevertheless, the Bitcoin community faces fundamental uncertainties despite all the positive whale activity and technical bullish signals. This is due to the launch of Roger Ver’s new book ‘<em>Hijacking Bitcoin: The Hidden History of BTC</em>.’ The book was launched on April 5 and became a best-seller on Amazon within just two days, shaking historical beliefs.</p>
 <p class="paragraph">Yet, the upcoming Bitcoin halving expected to April 20 could drive the investor’s attention to bullish economic fundamentals.</p>
 <p class="paragraph">All things considered, Bitcoin’s future price action remains uncertain, while mostly favoring a bullish bias. Investors must do their due diligence and understand the underlying risks and opportunities of investing in BTC.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bullish-signal-bitcoin-whale-accumulates-90-million-in-a-month-tbt84740.html">https://thebittimes.com/bullish-signal-bitcoin-whale-accumulates-90-million-in-a-month-tbt84740.html</a></p>

Bullish signal: Bitcoin whale accumulates $90 million in a month

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