Bitcoin (BTC) has risen nearly 12% over the past seven days, gaining momentum as it recovers key technical levels and approaches major resistance zones. The recent price increase is supported by a slight recovery in the number of Bitcoin whale addresses, hinting at renewed accumulation from large holders.

Technical indicators such as the Ichimoku cloud and EMA lines indicate a strong upward trend, with bullish formations suggesting continued buyer control. As BTC approaches the $100,000 mark again, whale activity and chart signals will determine whether this rally has more room to grow.

Subtle accumulation: what the increase in Bitcoin whales could mean

The number of Bitcoin whales—wallets containing between 1,000 to 10,000 BTC—has been trying to recover over the past few days, showing subtle but noticeable movements.

There are 2,006 Bitcoin whale addresses, just above 2,000 recorded on April 21. The number briefly increased to 2,005 on April 22 before dropping to 2,002 the next day, and it has now exceeded this level again.

While these daily fluctuations may seem minor, they often reflect deeper changes in sentiment and positioning among some of the largest players in the crypto market. Recent stabilization suggests that accumulation may be picking up again after a period of distribution or hesitation. Tracking whale activity is important, as these entities typically have a significant impact on market trends. Whether institutional investors, long-term holders, or high-net-worth individuals, whales often act with strategic understanding and patience that retail investors may not always match.

Their behavior may signal confidence or caution in the broader market. The number of whale addresses showing a slight upward trend may indicate renewed interest in accumulating Bitcoin at current levels.

This may not immediately translate into a sharp price movement. However, it adds a layer of market support, potentially reducing downside risk and paving the way for a more sustained bullish momentum if broader conditions align.

The Ichimoku indicator indicates the strength of Bitcoin's trend.

The Bitcoin Ichimoku cloud chart shows signs of continued bullish momentum.

The price is trading above the blue conversion line (Tenkan-sen) and the red base line (Kijun-sen), indicating short-term strength and trend consistency.

These lines have acted as dynamic support levels during the recent move, with the price bouncing off them several times in recent candles. This indicates that buyers remain in control, and any downturns are met with demand. The green cloud (Kumo) ahead is thick and rising, signaling a strong support zone and a positive trend outlook.

The distance between the red and green edges of the cloud also indicates expanding volatility, which typically supports stronger directional movements.

As the price is significantly above the cloud and all key Ichimoku components align in a bullish formation, the current setup supports the idea of an ongoing upward trend—at least in the short to medium term—unless the price sharply reverses and closes below the blue and red lines.

Will Bitcoin surpass the $100,000 mark by May?

Bitcoin recently surpassed the $90,000 mark for the first time since early March.

Its EMA lines support the bullish narrative, with all short-term moving averages positioned above long-term ones and widely spaced apart—often a sign of a strong upward trend. The price of Bitcoin may challenge key resistance levels at $96,484 and $99,472 if this momentum continues. A breakout above these levels could pave the way for surpassing the psychological mark of $100,000, with the next major target around $102,694—the highest level since early February.

However, there is still room for caution. It may lose its short-term support if Bitcoin retests and fails to hold the support level at $92,920.

In this case, the price could drop to $88,839, and if a downward trend forms, further losses to $86,533 become more likely.#BinanceSquare #crypto #tradin #bitcoin #BinanceAlphaAlert