- Bitcoin‘s playing chicken with $90,000 as a sneaky triangle gives it the green light for a breakout!
- Whales and miners are playing a juicy game of market poker, and BTC‘s the big chip!
Bitcoin [BTC] has been doing the crypto hokey-pokey, bouncing between $80,380 and $84,000. But don’t worry, it’s still doing the “upsie-daisy” dance, currently twirling at $83,100 on the dance floor.
Last week, BTC did a little ” cha-cha-cha” with a 3.5% gain, despite a tiny “oopsie-daisy” dip of 0.29% in the last 24 hours. With a market cap that could buy a small country, Bitcoin’s still the belle of the ball as it teases those key resistance levels.
Bitcoin’s triangle pattern: A dance with destiny?
Take a gander at Bitcoin’s 3-hour chart, and you’ll see a downward triangle that’s like a coiled spring, just waiting to pop. It’s got a cozy little support at $82,939.65 and a resistance that’s trying to keep it down near $94,000.
As the story unfolds, BTC’s trading in a “buyer’s paradise,” where it’s done the “up-up-and-away” before, marked by the “Impulse Up” and “Started to Grow” moments. You know, like magic beans!
So, Bitcoin’s at the edge of a cliff, looking down at a pool of resistance. One leap, and it could be swimming in the $90,000 ocean, waving the bullish flag high!
If it pulls this off, Bitcoin might just set a new high score in the all-time high game. Watch out, world!
When whales and miners party, the market goes wild!
From the 15th of February to the 17th of March, Bitcoin’s been playing “peekaboo” between $78,000 and $84,000. Big transactions? They’re like party crashers, showing up when the price is high and sneaking out when it’s low, especially on the 22nd of February and the 6th of March.
When Bitcoin hit the $84,000 mark on the 16th of March, those big transactions were like “Here comes the bride!”
CryptoQuant’s IT Tech says miners are like the DJ, spinning the tunes that make Bitcoin dance. From April 2024 to March 2025, miner-to-exchange and exchange-to-miner flows have been the beat that moves BTC’s feet.
As Bitcoin went from $80,000 to over $90,000, miner-to-exchange transfers were like a flash mob, all selling their moves, probably hoping for an encore at higher prices. Talk about a market mood swinger!
Whales are the life of the crypto party!
A Bitcoin whale just did the “money drop” with $25.1 million in BTC at FalconX after a 1.5-year nap. This move followed 300 Bitcoin shuffles, and everyone’s talking about it like it’s the next big thing.
This whale bought 1,500 BTC for $39.5 million in August 2023, at an average price that’s like finding a golden ticket in a candy bar. And now? An estimated profit of $85.7 million. That’s like turning a penny into a gold coin!
After the big surge, the whale split the BTC into two new wallets, keeping 150 BTC untouched. This move’s got everyone guessing what’s next in the crypto game of thrones.
Bitcoin’s price is like a rollercoaster, and with whales, miners, and sentiment as the conductors, the next twist and turn is anyone’s guess. Hang on tight, folks!
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2025-03-18 22:19