Whale movements are heating up!
The well-known whale James Wynn, known for his bold trades using 40x leverage, has raised his long position in Bitcoin to $1.07 billion!
Such a significant step from an investor of this caliber does not go unnoticed…
So, are we witnessing a violent upward movement soon?
Updated Technical Analysis – BTC/USDT:
• Current Price: $108,603
• Highest Price in 24 Hours: $111,800
• Lowest Price: $107,316
• Nearest Support: $107,000
• Next Support: $101,700
• Current Resistance: $111,800
• Next Major Resistance: $114,900 then $120,000
Despite a slight decline today (-2.1%), the weekly price structure remains bullish.
Breaking the current resistance with a strong close could push the price to test the 114K and then 120K levels, which are critical areas for liquidating massive short positions.
Tip:
Watch the volume during breakouts, and remember that whale movements are not random; they reflect confidence or intent to move the market.
#BTC #Bitcoin #JamesWynn #Leverage #CryptoWhales #TechnicalAnalysis #DararAlHabari