According to technical indicators, including Ichimok Cloud and Ema Lines, several challenges are waiting for BTC. Meanwhile, whale activity stabilized after the phase phase of significant accumulation and raised questions about the capacity of bitcoin to rise higher.
Bitcoin cloud ichimoku indicates additional challenges
Bitcoin is currently negotiated under Ichimok cloud and states that this trend is lower in the short term. The course fell under his thin (blue line) and its Kijun (red line) and strengthened the pressure down.
The upcoming cloud is thin and flat, indicating a weak momentum and the possibility of a side movement or prosecution of down. This is if the course does not find a higher level.
The green line of the graph also located under the course of the course and cloud also confirms the predominant decreasing feeling. However, the course is approaching the edge of the lower limit of the cloud, which could act as immediate support.
If the buyer cannot defend in this area, the oblique momentum could extend. On the other hand, all the reflections of the thin and Kijun could be a signal of timely recovery. However, the resistance of the above remains the main obstacle.
After a recent increase in a more stable whale
The number of bitcoin whales has recently increased, holding wallets at least 1,000 BTC, which increased between 2,040 to 2,079 between March 5 and 18. This value was the highest since mid -December 2024.
Although a significant increase in the number of whales suggests strong accumulation during this period, the number has been slightly stabilized in the last few days.
Following whale activity is essential because, due to the size of their positions, these main holders can significantly affect the price of bitcoins. The growing number of whales often signals the growth of trust among the main investors. As a result, this can cause ascending pressure on the course.
The recent increase in whale address may indicate that institutional or rich investors are located at a potential course assembly or at least accumulate to decrease or in the stages of consolidation during the reception, as in the case of BTC in recent weeks.
Can Bitcoin return in March over $ 90,000?
The Bitcoin course is currently consolidated among resistance at $ 85,124 and support of $ 81,187, with its line of EMA showing a clear lack of direction. Recent pic de courses after FomC meeting quickly lost strength. This is especially what shows the analyzes nothing PUCKRIN who indicate that the assembly could be short -term depending on current market conditions:
The “slight” Powell Pump “, which we saw in the crypto markets after (…) FOMC meeting, brought Bitcoins through its mobile average for 200 days, which is certainly a bull sign. Knowing whether he can continue this trajectory is a completely different question. If the BTC continues its current increase, the key level of resistance to the monitor is located around 92,000 -93,000 $ $. If he manages to exceed this level, we could see the asset to expand this assembly to the previous historical summit. However, there is probably too much uncertainty in the markets to provide support for such a movement, ”said Puckrin in Beincrypto.
If Bitcoin exceeds the resistance area of $ 85,000, it could open the turn to $ 92,920 or even $ 96,484. This assuming that Haussier’s momentum strengthens.
However, non -compliance with support at $ 81,187 could cause a larger decline to $ 79,955. In addition, the risks would become increasingly important with a decline to predict at $ 76,642.
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Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.