Bitcoin’s Uptrend and Whale Accumulation Signal Bullish Momentum
- Bitcoin prices fluctuated between $105,000 and $101,000 last week, gaining 0.60%.
- The cryptocurrency experienced a market cool-off after a 10.7% surge in early May.
- Analyst Trader Alan predicts a potential price target of $115,000 for Bitcoin.
- Bitcoin rebounded over 39.1% from a mid-April low of $74,600 to reach $105,800.
- Whales acquired an additional 2,180 BTC valued at $226,750,000 on May 15.
Bitcoin’s recent range-bound movement and whale accumulation suggest strong market confidence. Trader Alan’s analysis indicates a potential breakout towards $115,000 following current consolidation patterns.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoins-10000-stairway-chart-signals-march-toward-115000/?rand=52377
