Pepe

Bitcoin

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 A closely followed crypto analyst says that Bitcoin (BTC) whales have scooped up billions of dollars worth of the flagship digital asset in just three weeks.
 In a new thread, crypto strategist Ali Martinez tells his 44,700 followers on the social media platform X that deep-pocketed Bitcoin investors have gobbled up $6.16 billion worth of the top crypto asset by market cap since the last week of January.
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 “Bitcoin whales have been on a buying spree, acquiring 140,000 BTC over the past three weeks, amounting to $6.16 billion!”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGAvWe8XIAAtXt_?format=jpg&amp;name=4096x4096" alt="GGAvWe8XIAAtXt_" width="1063" height="499">
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 Source: Ali Martinez/X
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 The rise in BTC holdings of crypto whales comes as Martinez notes that Bitcoin’s Super Trend, an indicator that helps traders to identify market trends, has flashed a bullish signal for the crypto king.
 According to Martinez, the Super Trend indicator has been a historically accurate marker for a Bitcoin bull run.
 “The Super Trend just flashed a buy signal on the Bitcoin monthly chart, a tool known for its precision in predicting BTC bull markets. The four buy signals it has issued since BTC inception have all been validated, leading to gains of 169,172%, 9,900%, 3,680%, and 828%, respectively.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF13-r7XQAErjsw?format=jpg&amp;name=4096x4096" alt="GF13-r7XQAErjsw" width="1063" height="499">
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 Source: Ali Martinez/X
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 Bitcoin is trading for $48,157 at time of writing, a fractional increase during the last 24 hours.
 Concluding his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with memecoin Pepe (PEPE), Martinez says that its three-day chart appears to be forming a bullish inverse head-and-shoulders pattern.
 The analyst also says that the Tom Demark (TD) sequential indicator – used to identify trend direction and potential price reversals – is also flashing a bullish signal, suggesting that a rally is in sight for the meme crypto asset.
 “PEPE is currently showing signs of forming the right shoulder of [an inverse] head-and-shoulders pattern on its three-day chart. Additionally, the TD Sequential indicator has issued a buy signal within this timeframe, suggesting an anticipated bullish impulse for PEPE.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF_APCQWMAErJKo?format=jpg&amp;name=4096x4096" alt="GF_APCQWMAErJKo" width="1063" height="499">
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 Source: Ali Martinez/X
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 PEPE is trading for $0.000001 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-whales-gobble-up-about-6-160-000-000-worth-of-btc-in-just-three-weeks-crypto-analyst-tbt79633.html">https://thebittimes.com/bitcoin-whales-gobble-up-about-6-160-000-000-worth-of-btc-in-just-three-weeks-crypto-analyst-tbt79633.html</a>

Bitcoin Whales Gobble Up About $6,160,000,000 Worth of BTC in Just Three Weeks: Crypto Analyst

TheBitTimes

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