#OneBigBeautifulBill 🚀 Bitcoin: Firm Above $107K Despite Mega-Whale Movements and Saturday's Silence 🤫

Today, Bitcoin (BTC) continues to teach us lessons in strength. Despite the massive whale movements we have recently seen (such as the awakening of the sleeping whale that moved 50,000 BTC), Bitcoin has managed to remain stable above $107,000 USD.

What is most interesting about this?

* Resilience Under Pressure: Normally, a transfer of billions of dollars in BTC could trigger a selling panic. However, the market has absorbed this impact with remarkable underlying demand. This suggests that there are enough buyers willing to acquire Bitcoin at these levels, or that the whale did not sell directly on exchanges, limiting immediate selling pressure.

* The "Weekend Effect": Saturdays and Sundays tend to be days of lower trading volume and, often, less volatility for Bitcoin, as traditional markets are closed and there is less institutional activity. That BTC remains firm during this period, after a week of whale movements and rumors of regulation, is a good indicator of short-term investor confidence. It is not giving up ground easily.

* Consolidation at High Levels: Staying above $107,000 USD after breaking the $100,000 barrier and surpassing $110,000 USD in recent days indicates a phase of consolidation. This is crucial for a sustained upward movement, as it allows the market to "settle" at new price levels before attempting to climb higher.

In summary, Bitcoin is a testament to the strength of the market and the conviction of its holders. Despite the "tremors" caused by whales, the king of cryptos remains firm, demonstrating its ability to weather the waves and consolidate its value.

Price analysis from CoinMarketCap and TradingView

Ohana 💙