bullish

Bitcoin

<p>On November 22, 2024, all eyes are on Bitcoin (BTC), the world’s largest cryptocurrency by market cap, as it approaches the long-anticipated $100,000 mark. With a significant price surge of over 5% in the past 24 hours, the asset has reached a new all-time high of $98,988, shifting the overall market sentiment to bullish.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-whales-bags-283-million-of-btc"><strong>Bitcoin Whales Bags $283 Million of BTC</strong></h2>  
<p>Amid this bull run, Bitcoin whales appear unstoppable as they have made continuous and significant BTC purchases in the past 12 hours. Recently, a whale transaction tracker <a href="https://x.com/lookonchain/status/1859625767132713349" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> made a post on X (previously Twitter) that crypto whales have purchased a significant 2,895 BTC worth $283 million from Binance, the world’s largest cryptocurrency exchange.</p>  
<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22050545/image-53.png" alt="" class="wp-image-383370" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  Source: X (Previously Twitter)
 </figcaption>
</figure>  
<p>In a post on X, Lookonchain noted that the whales are currently accumulating the asset as it price continue to soar.</p>  
<p>The potential reasons for BTC’s bullish outlook include the current market sentiment, notable adoption by whales and institutions in recent days, the resignation of SEC Chairman <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" rel="noopener noreferrer nofollow">Gary Gensler</a>, and other factors.</p>  
<p>With this bullish outlook, Bitcoin is currently trading near $98,600 and has experienced an impressive price surge of over 5.2% in the past 24 hours. During the same period, its trading volume jumped by nearly 50%, indicating heightened participation from traders and investors as market sentiment has shifted.</p>  
<h2 class="wp-block-heading" id="h-will-btc-hit-100-000-key-levels-to-watch"><strong>Will BTC Hit $100,000? Key Levels to Watch</strong></h2>  
<p>According to expert technical analysis, Bitcoin appears bullish and has been consolidating in a tight range between the $96,320 and $98,100 levels over the past few hours. Based on recent price action, if BTC breaks out of this consolidation and closes a four-hour candle above the $98,100 level, there is a strong possibility that it could reach $100,000 in the coming hours.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/22050652/BTCUSDT_2024-11-22_05-06-40.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22050652/BTCUSDT_2024-11-22_05-06-40-1024x448.png" alt="" class="wp-image-383371"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Currently, the asset is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. Meanwhile, its Relative Strength Index (RSI) suggests a potential upside rally may be imminent.</p>

Bitcoin Whales Unstoppable, $283M Fresh BTC Purchase Amid ATH

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