After a brutal correction of 30% having dropped the bitcoin under $ 75,000, the first crypto again shows signs of vigor by stabilizing around $ 84,500. This significant rebound was amplified by President Trump's announcement of a temporary suspension of customs duties for most countries.
Bitcoin whales continue to accumulate despite volatility
The big holders of Bitcoin, nicknamed “whales”, did not liquidate their assets during this correction, unlike the previous cycles.
According to data Cryptoist, these investors adopt accumulation behavior comparable to that observed during the consolidation phase of August-September 2023, a period which preceded a sharp increase in prices.
Historically, whale movements are a reliable indicator of future trends. During the Krach of March 2020 linked to the COVVI-19, these major players had anticipated the fall by selling massively before the decline.
Today, their continuous accumulation strategy suggests that they perceive current correction as temporary and not as a fundamental reversal of the market. This confidence of experienced investors has often preceded important rallies in the past.
BTC in the face of crucial technical resistances
Bitcoin is currently negotiated at only 5 % under its mobile average at 200 days ($ 87,100), a decisive technical level to confirm a bullish reversal.
To validate this favorable scenario, the BTC must maintain the support of $ 81,000 and cross the threshold of $ 85,000, which coincides with its exponential mobile average at 200 days.
Risks still persist. A fall under the $ 80,000-81,000 zone could quickly accentuate the selling pressure and cause a return to $ 75,000.
This situation joins recent analyzes on long -term holders (LTH), whose “net position changes” indicator has become positive in early April for the first time in six months.
This behavior, associated with the fact that 63 % of bitcoins have remained motionless for more than a year, reveals a solid conviction despite the global economic turbulence.
Bitcoin is therefore at a decisive moment. If buyers manage to resume the advantage above key mobile averages, the bullish cycle could be confirmed, supported by an increasingly resistant investor base in the face of market fluctuations.
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