📊 Are Bitcoin whales currently looking to buy? In-depth financial analysis 🔍


Amid the sharp decline Bitcoin (BTC) experienced in recent days, with the price dropping to $83,877 after peaking at $87,515, attention turns to the movements of whales and large investors, who are often the main market drivers.


🔹 Whale Behavior Analysis: Have They Started Buying?


1️⃣ Flow volumes to exchanges:



  • A decrease in Bitcoin flows to exchanges typically indicates long-term accumulation by whales, while an increase in flows signifies a selling intention.


  • Current data shows a decline in selling flows, which may indicate the beginning of whale interest in buying at these levels.


2️⃣ Relative Strength Index (RSI):



  • RSI reaching 24.2 indicates that Bitcoin is in the oversold zone, a level that attracts large investors to buy.


3️⃣ Support and resistance levels:



  • Strong support level at $83,500, and a break could lead to further decline.


  • If the support holds, we might see a corrective bounce towards $85,000 - $86,000.


4️⃣ Trading volumes and smart movements:



  • Increased trading volumes at low levels may reflect buying from institutional players and whales taking advantage of the dip to build long-term positions.


🔹 Financial Conclusion:


Although the overall trend remains bearish, the data indicates whale interest in gradual buying at current levels. If institutional demand continues and liquidity rises, we may witness a gradual price recovery. However, any break of critical support levels could lead to further downward correction.


⚠️ Recommendation: Close monitoring of whale movements and liquidity, focusing on key support and resistance levels, is essential for making wise trading decisions.


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