Bitcoin price has increased by 2.5 % over the past 24 hours, as it has been traded near $ 115,700, but it still tracks Ethereum and others who have already paid new levels.
Although it is approximately 7 % of its peak, many major signals indicate the chain and technology that the penetration setting is formed, very similar to the gathering that was seen earlier this month.
Selling whale pressure weakens
For weeks, bitcoin price is left with capital rotation to other assets, leaving retail buyers to lead a lot of this step.
This made it important to follow whether the whales are finally slowing down to sell them. The exchange whale, which measures the largest share of 10 flows compared to all flows to exchanges, provides this signal.
This percentage decreased from 0.54 on August 19 to 0.43 on August 22, its lowest level in nearly two weeks. A similar decrease occurred on August 10, when the percentage decreased to 0.42. This step preceded a sharp rally in Bitcoin from $ 119.305 to $ 124,000 – an increase of approximately 3.9 %.
If the date is repeated, the current preparation can open the door for a similar extension, it can be said that it is at the highest new level ever.
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Hodl waves indicate accumulation
With the BTC pressure dilution, the next question is whether the mid -time and long -term holders are accumulating. The Waves Hodl scale tracks the percentage of Bitcoin supply via age ranges.
Last month, the main dust expanded their positions:
- 1Y – 2Y wallet increased from 10.31 % to 10.57 %
- 3M – 6M governor increased from 6.40 % to 7.19 %
- 1m – 3M governor has grown from 6.99 % to 8.93 %
This wide accumulation indicates that the condemnation exists. In addition to low -whale exchange flows, the structure indicates a market that is preparing to achieve the price of bitcoin.
Bitcoin price levels are determined
The technical image links these signals together. Bitcoin is currently trading higher than strong support at $ 115,400. The decisive resistance is located at 117,600 dollars, as it behaves 119,700 dollars as a basic catalyst for payment to pay for its highest level ever.
On the other hand, the slip is less than 114100 dollars, especially 111,900 dollars, the momentum will change the short term in the short term
If the exchange whale is repeated its pattern on August 10, then the price of bitcoin can reach approximately 4 % of the current levels. This would pay the last price of $ 119,000, directly to the penetration area.
From there, the stage will be appointed to re -test the highest level ever, with the correctness of the idea that this gathering has been late, and has not been denying.
Post -whale indicators show a new bitcoin direction first appeared on Beincrypto.
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2025-08-23 14:30:00
