1 week ago
4
Bitcoin (BTC) is struggling to break past the $100,000 mark, staying below this level for over a week. Despite this, BTC remains the largest cryptocurrency with a market cap of $1.9 trillion.
Whale accumulation is showing signs of recovery but is still weak compared to previous months. Large investors remain cautious, and without strong buying pressure, BTC may face further losses. However, a move above key resistance levels could spark renewed bullish momentum.
Mixed Signals from BTC Ichimoku Cloud
The Ichimoku Cloud indicator for BTC is giving mixed signals. The price is hovering near the cloud, but no clear trend has emerged. The Kijun-sen and Tenkan-sen lines are close together, signaling weak momentum and possible consolidation.
A thin cloud suggests minimal resistance or support, while the price recently dropped below the cloud, a bearish sign. However, the cloud ahead is turning neutral, leaving the trend uncertain. If the cloud expands, traders may gain better clarity on BTC’s next move.
Bitcoin Whales Struggle to Regain Strength
Whale activity remains low, with addresses holding at least 1,000 BTC recently hitting a yearly low of 2,034. Although there was a slight recovery to 2,050, accumulation from major investors remains weak. If whale numbers continue to stagnate, Bitcoin could struggle to build strong upward momentum.
BTC Price Outlook: Key Levels to Watch
Bitcoin’s short-term EMA lines are still bearish, with the price near critical support at $96,700. A drop below this could push BTC toward $91,274. If the price reverses upward, resistance at $97,766 could be the first major test. A breakout above $100,222 may open the path to $102,700 and beyond.
English (US) · 