{"id":3917,"date":"2024-12-08T21:08:53","date_gmt":"2024-12-08T21:08:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3917"},"modified":"2024-12-08T21:08:53","modified_gmt":"2024-12-08T21:08:53","slug":"bitcoin-whales-ramp-up-accumulation-another-price-surge-to-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3917","title":{"rendered":"Bitcoin Whales Ramp Up Accumulation \u2013 Another Price Surge To Follow?"},"content":{"rendered":"
\n

The price of Bitcoin (BTC) has dipped by 1.66% in the last day after failing to break past $102,000 on Friday. Currently, the crypto market leader seems to be in consolidation, with little indication of its next price movement. However, recent whale activity has pointed to a continuous bullish trajectory.\n<\/p>\n

Related Reading: Bitcoin ETFs Surpass Satoshi\u2019s Holdings, Blockchain Firm Breaks Down Institutional Adoption In 2024<\/a><\/p>\n

Bitcoin Whales Confident Of Future Rally With Rising Accumulation Levels<\/strong><\/h2>\n

In a Quictake post on Saturday<\/a>, CryptoQuant analyst Darkfost highlighted recent Bitcoin whale activity in regard to certain price levels.\u00a0<\/p>\n

The popular crypto expert stated that market whales i.e. investors with over 1,000 BTC, have now consistently increased their BTC accumulation whenever prices fell between $95,000-$99,000. Darkfost\u2019s observation can be backed by recent data shared by fellow analyst Ali Martinez who reported<\/a> that Bitcoin whales purchased 20,000 BTC, valued at over $2 billion, after the asset experienced a flash crash on Friday.<\/p>\n

Interestingly, the CryptoQuant analyst states BTC whales have shown a similar accumulation pattern when the asset traded in a range of $55,000-$70,000<\/a> for over eight months before embarking on its most recent bull run in November.<\/p>\n

Therefore, the increase in whale holdings at $95,000-$99,000 could convert this price range to a strong support zone that propels another price rally in the short to mid-term.\u00a0 According to data from CryptoQuant, Bitcoin whales\u2019 holdings are now a little shy of 12 million BTC, which is a strong bullish signal that indicates growing interest and market confidence.<\/p>\n

\"Bitcoin\"<\/p>\n

Parabolic Rise For BTC?<\/strong><\/h2>\n

In other developments, crypto analyst Burak Kesmeci has predicted<\/a> an incoming parabolic rise for Bitcoin that is tied to a certain condition. Using the Bitcoin Gold Ratio Multiplier (BGRM), Kesmeci was able to identify two important price points for the larger cryptocurrency. These are $100,000, which Bitcoin has already attained, and $125,000.\u00a0<\/p>\n

As the name implies, the BGRM is a trading tool that compares the price of gold to the price of Bitcoin. It is used to evaluate the relative performance of BTC as a store of value against gold and can identify significant levels of resistance and support.\u00a0<\/p>\n

According to Kesmeci, the BGRM highlights $125,000 as a critical price level and potential threshold for further bullish movements. By breaking past this price region described as the \u201c2 potential bull high\u201d, Bitcoin is likely to experience a parabolic price gain based on historical data.<\/p>\n

At the time of writing, BTC now trades at $100,130 following a 0.50% gain in the past day. However, the daily trading volume of the asset is down by a staggering 56.67% and valued at $47.51 billion.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin (BTC) has dipped by 1.66% in the last day after failing to break past $102,000 on Friday. Currently, the crypto market leader seems to be in consolidation, with little indication of its next price movement. However, recent whale activity has pointed to a continuous bullish trajectory. Related Reading: Bitcoin ETFs Surpass […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3917","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3917"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3917\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}