BTC Price Struggles Under $100,000 Amid Weak Whale Buying
Bitcoin (BTC) has been struggling to get under $100,000 for the past eight days. Still, BTC maintains its position as the largest cryptocurrency to date, with a market cap of $1.9 trillion.
Whale accumulation has recovered from its recent lows, but remains weak compared to previous months, suggesting that large holders are cautious in their emotions. If BTC fails to establish buying pressure, it may face further drawbacks, while breakouts above key resistance may restart bullish momentum.
BTC Ichimoku cloud displays mixed signals
this BTC’s Ichimoku Cloud Displays a mixed signal. Prices are currently trading near the cloud, but there is a lack of a strong trend. Kijun-Sen (red line) and Tenkan-Sen (blue line) are close, indicating weak momentum and potential consolidation.
The cloud itself is thin in some areas, indicating that there is little resistance or support for the indicator. Additionally, the price has recently moved under the cloud, which is usually a bearish sign, but the cloud ahead is turning neutral, meaning the trend is still uncertain.
Senkou is almost flat across A (green) and Senkou Span B (red), thereby enhancing the lack of strong directional bias.
The Chikou Span (green line) hovers around the price, further confirming the market’s hesitation. If the previous cloud starts to scale, it can provide better trend clarity, but for now, the market seems to lack strong momentum.
Combination suggestions for thin cloud and compressed indicator lines Bitcoin is in a low volatility stageneither the bull nor the bear have a place to control.
Bitcoin whales still struggle after reaching low levels
quantity BTC Whale Addressthose with at least 1,000 BTC were recently at an annual low of 2,034 on January 29 after a sharp drop. Although it tried to rebound and reached 2,043 on February 6, the figures fell again and then began to slowly recover to 2,050.
Tracking whale activity is crucial because these large holders often affect market liquidity and volatility.
A decrease in whales can indicate a decrease in accumulation of major investors, which may lead to weaker price support.
Although whales have rebounded slightly from their lowest point, their levels are relatively low compared to previous months. This suggests that although some large holders are returning, accumulation has not been strongly revived.
Continuous increase in whale addresses may signal New confidence in BTCalthough the persistent stagnation or decline may indicate cautious sentiment among major investors.
If whales remain hesitant, BTC prices may struggle to increase their momentum upward in the near term.
BTC Price Forecast: Will BTC recover $100,000 as soon as possible?
Bitcoin The EMA line remains bearish, and the short-term EMA is still below the long-term. Now, Bitcoin Price The main support level for the deal is $96,700, which is crucial to maintaining stability.
If this level is tested and destroyed, Sales pressure may intensifycausing a drop to $91,274.
But, if BTC price An uptrend can be established, with the main resistance to the first viewing being $97,766. A breakout above this level may indicate a momentum shift towards $100,222.
If the uptrend strengthens, BTC can test $102,700, and the continuation of a strong bullish momentum may push it further towards $106,300.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
