Bitcoin whale purchases signal strong demand: Recently, Bitcoin whales accumulated $7.28 billion in BTC, highlighting substantial market demand. With Bitcoin trading around 101,144 USD, the trend suggests bullish sentiment as MAJOR holders continue to invest, potentially stabilizing and elevating prices.
Key technical levels indicate market direction: Bitcoin’s support level is currently 99,480 USD, while resistance stands at 103,787 USD. Market analysts note these levels are crucial for maintaining upward momentum, with a potential rebound if conditions are met. Investors are closely monitoring these technical indicators.