Bitcoin (BTC) has surppastassed over $$110,000, recording a new all-time high. The $110,000 level serves as a psychologically crucial support and resistance line for investors.
As Bitcoin's price moves beyond $110,000, whale accumulation is quietly increasing. This suggests that large holders may be preparing for another rise. Combined with the bullish Ichimoku signal, BTC appears toestablbe its technical foundation However-measures are essential to break through resistance.
Increased Whale Activity... Impact of 2,019 BTC Large Holders on the Market
The of Bitcoin whales increased from 2,007 to 2,021 between May 13 19, and then slightly decreased to 2,019 yesterday .
Though the net change is small this upward movement suggestsgestholders new accumthe. fluctuation of this indicator often reflects changes in institutional or high-net-worth investor sentiment, becoming an important signal for broader market trends>=".
<<><>Sentiment ()fig.Tracking Bitcoin whales is important because they hold capital that can significantly impact the market.
Their actions often precede major price movements, providing liquidity support during retreats or leading rallies through large accumulations.>number of whales suggests basic support indicating that holders are preparing for a breakout or reinforcing long-term confidence. If this accumulation trend continues or resumes, it could suggest a bullish foundation forming beneath the surface, even if prices remain range-bound in the short term p><2>>Bitcoin Ichimoku Chart: Continued Upward Signal'soku structure maintains strong bull. The price is well-positioned above green cloud, uptrtrendend.
Leading Span A the cloud's) above Leading Span B, confirming a positive momentum outlook.
BTC Ichimoku Cloud.:=".gtv.com/" rel="nofollow">TradViewing>acfigure The Lineblue line line the Line (line a bullspread.>,gging span greengging well-the price candles, reinforcing the trend from a historical perspective.<2BTC, Hovering After Breaking $110,000... Will It Secure Support110?strong>
Bitcoin surpassed $109,000, recording a new all-time high, but soon encountered resistance.
The price retreated over 3% after reaching this milestone, indicating that the $110,000 level serves as a crucial psychological and technical barrier.
This pullback emphasizes that future bullish momentum depends on whether BTC's price can definitively close above that threshold. Until then, price movements may remain volatile or range-bound near current levels.
On the downside, Bitcoin's nearest support is in the $106,119 zone. If this level doesn't hold, it could trigger a deeper correctionection to the next support near $104,584.
A stronger decline could open up a larger pullback to $101,549 zone.
Overall, the recent rejection suggests that the uptrend needs stronger subsequent measures to convert major resistance into support and maintain its upward trajectory.
