BTC Price Holds Steady as Whale Activity Hits One-Year Low
The price of Bitcoin (BTC) has always fluctuated, rising 9 % in the past 30 days, but decreased by 3 % in the past week, and its market value hovered around $ 2 trillion. Although there are shortcomings recently, as the transaction of its EMA line is closely merged, BTC seems to be consolidating, and its DMI chart marks weak trend strength.
At the same time, the number of BTC whales has fallen to its lowest level in one year, which indicates that some large holders have uninstalled the coins. With the main support of $ 101,300 and the resistance of $ 105,700, the next step of BTC is crucial to determine whether it continues to consolidate or try to promote $ 110,000 to $ 110,000.
Bitcoin DMI signal uncertainty
Bitcoin The DMI diagram shows that its ADX is 16.6, which has fluctuated between 15 and 19 in the past two days, which indicates that the trend strength is weak. The intensity of ADX measures the trend, the value of the value below 20 represents merging, and the trend higher than 25 indicates that the trend is stronger. At present, BTC lacks obvious motivation in any direction.
The DMI diagram also shows that+di is 17.5, and -Di drops from 27.2 to 23.8. It is worth noting that -Di reached 40.9 two days ago BTC It dropped from $ 105,000 to $ 98,600 in a few hours. This shows that the pressure of the drop has been relieved, and BTC is now consolidating.
If+DI and ADX rise-DI cross-Di may form an upward trend. Otherwise, the price of BTC may limit the scope or continue its previous decline.
Bitcoin whale to reduce the minimum year
quantity BTC whale -The address holding at least 1,000 BTC has dropped to 2,035, which is the lowest level since January 2024. Between January 20th and January 24, the number of decreased from 2,067 to 2,037.
This sharp decline indicates that some large holders have been uninstalled their BTCIt is possible to rotate to other coins or take money to wait for new actions.
It is important to track BTC whales because they have a large amount of Bitcoin supply share and may affect market trends. The decline in the whale address may indicate the distribution, which means that large holders are selling rather than accumulation.
The number of whales is one year, BTC price It may face the increase in sales pressure, making it more difficult to maintain a strong upward momentum. However, if the new accumulation begins, it can provide support and help stabilize the market.
BTC price forecast: Will it eventually reach $ 110,000 in February?
Bitcoin’s EMA cable indicates a merger stage because they are closely trading. The current support level is about $ 10,300, so far holding.
If, if, if Bitcoin price Testing and loss of such support may further drop to $ 99,400, and the decline in decline may reach $ 95,800.
In good aspects, if BTC obtains power, it may test resistance at $ 105,700. Breakthroughs exceeding this level may be promoted BTC The price is $ 107,000 and $ 108,500, and it may be paved to $ 110,000 for the first time.
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