BTC Price Stalls Below $100,000 as Whales Await Market Clarity
Bitcoin (BTC) has been priced below $100,000 over the past two weeks, and technical indicators show the battle between the bulls and bears. Despite attempts to recover, BTC is still in the merger phase, with its critical resistance level preventing the breakout.
Meanwhile, the number of Bitcoin whales increased slightly, indicating some accumulation, but is still well below the peaks seen in December and January. Whether BTC can resume its bullish momentum or continue to face downward pressure will depend on its response to key support and resistance levels in the coming days.
Bitcoin Ichimoku Cloud Shows a Merger Stage
Ichimoku Cloud BTC Charts Reflects a merger period where price action moves in the cloud. This shows that the market is hesitant because the cloud itself acts as a balanced area where neither the bull nor the bear can fully control it.
The conversion line (blue) remains flat, indicating a weak short-term momentum, while the baseline (red) is slightly above the price, enhancing the resistance.
The clouds ahead are thin and mixed, with no obvious trend advantage, which means volatility Once a breakthrough occurs, it may increase.
this Lag span (green) is located near price actionfurther confirming that both directions lack strong motivation. The future prospects of the cloud remain uncertain, with no significant swelling or clear slopes, indicating a potential continuation of movement in the current range.
if Bitcoin Price Moving decisively on or below the cloud, it can confirm the direction of the trend, but for now, the market is still in a neutral stage.
Thicker clouds in the future will indicate stronger resistance or support, but for the moment, the lack of clear slopes indicates that traders are waiting for confirmation before making directional movements.
BTC whales are rising, but still below previous levels
quantity Bitcoin Whale – Addresses holding more than 1,000 BTC have risen to 2,051 from 2,037 ten days ago. Tracking these large holders is crucial because their accumulation or allocation can indicate a potential shift in market sentiment.
When whales increase, it is often a sign of confidence in the long-term value of BTC, as these large holders tend to buy during periods considered undervalued.
On the other hand, the decline in whales’ population may indicate that allocations may lead to increased sales pressure and potential price weaknesses.
Although the recent rise in whale address shows some accumulation, the total remains significantly below December and January levels.
This shows that although some large holders return, Broader institutional or long-term investor confidence has not been fully restored.
If the whale population continues to increase, it can support a more persistent bullish trend, but if it falls into stagnation or falls again, it may indicate hesitation in the market.
BTC Price Forecast: Will Bitcoin return $100,000 by March?
Bitcoin’s EMA line shows a sustained bearish trend, with short-term moving average position below the long term, enhancing the downward momentum. if Bitcoin Price Having managed to reverse the trend, the first key resistance to viewing was $98,481.
A successful breakthrough above this level can be a psychological barrier towards a $100,000 USD.
If Bitcoin resumes bullish momentum in December and January, further resistance can be tested with $102,681. Beyond the breakthrough that can be pushed BTC price The price is $106,313, marking its highest level since the end of January.
On the other hand, if the downward trend continues and intensifies, BTC price Key support for $94,141 can be tested.
A subdivision below this level could trigger further sales pressure, potentially bringing prices as low as $91,295. Such a move will confirm the power of the bearish trend and may delay any meaningful recovery.
Currently, BTC is still in the critical decision-making zone, and traders closely monitor whether it can recollect higher levels, or whether it is further lower.
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.
