A Bitcoin whale bought another 821 BTC worth $85,420,000.
Previously, the same BTC whale bought 1,721 Bitcoin.
This heavy whale accumulation points to another bull wave coming for BTC.
The price of Bitcoin recently reclaimed its 6-digit prices and is working its way towards reclaiming its previous ATH set in the $95,000 price range. Presently, the price of Bitcoin (BTC) is at $104,500, just a few thousand away from the previous ATH price. Soon after this pump, a Bitcoin whale bought another 821 BTC worth $85.42 million. Is the Bitcoin (BTC) price pump only just beginning?
Bitcoin Whale Bought Another 821 BTC
Since Bitcoin’s dip to the $75,000 price range, what analysts called a much-needed correction phase to lead to a healthy crypto market in the months ahead, BTC whales have been steadily accumulating more Bitcoin. Whale accumulation usually only occurs before the price of Bitcoin (BTC) is set to pump and hit higher price targets. Soon after whales previously accumulated large amounts of BTC, the price of Bitcoin went up to hit $90,000.
This led to another round of bullish Bitcoin (BTC) buying by Bitcoin whales, and just as before, the price of Bitcoin (BTC) pumped to hit 6-digit prices, with the price of BTC now lying at $104,500. Now, once again, we see large Bitcoin (BTC) accumulation by a BTC whale who had previously bought a large amount of Bitcoin (BTC). The post below highlights just how active this BTC whale has been in a very short time.
https://twitter.com/lookonchain/status/1921780815568011388
As we can see from the post above, this Bitcoin whale just bought another 821 BTC worth $85,420,000. Previously, this same whale bought 1,721 BTC worth $179,000,000 in the past 2 days. With such heavy Bitcoin (BTC) accumulation taking place by BTC whales, several analysts believe a bullish uptrend is still in store for Bitcoin (BTC). Just how much more can Bitcoin (BTC) pump duing this ongoing bull cycle?
Bitcoin’s Next ATH Targets
Bitcoin accumulation has been increasing steadily this year, not only by BTC whales but by other Bitcoin believers and financial institutions. For instance, BlackRock, Strategy, and many other economic leaders in the financial world have been steadily accumulating Bitcoin over the past few months, making Bitcoin even more bullish this bull cycle than previous cycles, in the eyes of many.
This has led to several increasingly bullish Bitcoin ATH price predictions popping up. For instance, Michael Saylor and Robert Kiyosaki both believe BTC to hit $1,000,000 one day. However, their expectations for a BTC cycle top price waver between $250,000 to $350,000 and even to $500,000. But how high will BTC pump this year? This is yet to be seen. For now, the next ATH targets for BTC are $116,000, $135,000, and $165,000.
