The Ichimoku Cloud showing a bullish pattern along with a solid EMA configuration indicates that the market has a solid foundation to move higher. With increasing momentum, traders are now watching whether BTC can break the psychological level of US$100,000 in the coming weeks.
BTC Whale Accumulation Reaches Highest Point Since December 15
The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—jumped from 1,980 on March 22 to 1,991 on March 25. This marks the highest level since December 15.
Although the increase is relatively small, this trend reflects strategic accumulation by large holders after a stagnation period of more than three months.
Monitoring whale movements is crucial. These large entities often serve as the main market movers. In fact, their accumulation and distribution patterns can signal early changes in broader sentiment or significant price movements.
Whales are often referred to as 'smart money.' Therefore, the surge in their numbers often indicates optimism about short-term market prospects.
Although the growth rate of new whales has slightly slowed in recent days, the fact that their number has reached a multi-month high indicates underlying market strength.
This condition may indicate that institutional investors or large capital holders are beginning to position themselves ahead of a potential price surge. Thus, this could strengthen Bitcoin's current support level and pave the way for further rallies as long as momentum is maintained.
Ichimoku Cloud Bitcoin Confirms Bullish Trend
The Ichimoku Cloud Bitcoin chart shows a solid bullish structure, where prices remain above the cloud and the green cloud is moving upward ahead.
The Tenkan-sen (blue line) has surpassed the Kijun-sen (red line), indicating that short-term bullish momentum is still ongoing. However, both lines are starting to flatten, which may signal a potential pause or consolidation before further movement.
The wide and upward-sloping future cloud (Kumo) indicates strong fundamental support and a surge in trend strength. Meanwhile, the Chikou Span (lagging line) remains well above previous price action, further confirming bullish sentiment.
Although the possibility of sideways movement remains in the short term, the overall Ichimoku setup still favors the bulls, unless the price drops below the cloud, which could change the market outlook.
Will Bitcoin Reach US$100,000 in April?
The Bitcoin EMA is currently preparing for a potential golden cross, a signal that often marks the beginning of a new bullish phase. If this crossover occurs and BTC can break through the resistance at US$88,807, the chances of a rally towards US$92,928 become increasingly open.
If the bullish trend continues, Bitcoin could test levels of US$96,503 and US$99,472, with the potential for a breakout past US$100,000 if momentum strengthens further.
However, if BTC fails to break through US$88,807 and instead experiences a trend reversal, it is likely that the price will retest support at US$84,736. If selling pressure increases, BTC risks dropping further to US$81,162.
In a bearish scenario, Bitcoin could even tumble down to US$79,970 and US$76,644, opening up the possibility of falling below the psychological level of US$80,000.