Bitcoin’s price has decreased by 2.5% over the past week, amid persistent whale accumulation activities. Despite the decline, addresses with 1,000+ BTC remained stable at 2,056, indicating cautious accumulation by MAJOR holders. These metrics suggest balanced dynamics in the market.
The Average Directional Index (ADX) dropped to 18.81, down from nearly 50, indicating a weakening downtrend and suggesting potential consolidation. Resistance at $94,200 and support at $90,700 are critical levels for BTC’s future price direction. This signals potential stability or a change in trend soon.
Leave a Reply