{"id":625739,"date":"2024-06-21T05:00:17","date_gmt":"2024-06-21T05:00:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=625739"},"modified":"2024-06-21T03:23:19","modified_gmt":"2024-06-21T03:23:19","slug":"bitcoin-whales-on-the-move-is-a-100000-price-tag-coming","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/","title":{"rendered":"Bitcoin Whales On The Move &#8211; Is A $100,000 Price Tag Coming?"},"content":{"rendered":"<p>Bitcoin keeps catching the attention of investors and analysts with its price changes and big moves. Recently trading at <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\">$65,715<\/a>, Bitcoin&#8217;s small increase of nearly a percent in the last 24 hours has sparked some cautious optimism among crypto fans around the world. This newfound confidence is boosted by big whale activity and positive long-term predictions from top analysts.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/87-of-bitcoin-hodlers-laughing-all-the-way-to-the-bank-heres-why\/\" target=\"_blank\" rel=\"noopener \">87% Of Bitcoin Hodlers Laughing All The Way To The Bank \u2013 Here\u2019s Why<\/a><\/div>\n<h2><strong>Big Investor Buys $395M Worth of Bitcoin<\/strong><\/h2>\n<p>A well-known crypto whale has made headlines by buying 6,070 BTC, worth about $395 million. This is the whale&#8217;s first big purchase in over 18 months. Known for smart trading moves, this investor previously bought 41,000 BTC during the 2022 market dip at an average price of $19,000 per BTC.<\/p>\n<p>In a brilliant move, the whale sold 37,000 BTC during the market upswing in 2023 and 2024 at an average price of $46,800, making a huge $1.74 billion in proceeds and over $1 billion in profit. This latest purchase shows the whale&#8217;s renewed faith in Bitcoin\u2019s future, hinting at big price movements ahead.<\/p>\n<h2><strong>Analysts Predict Bitcoin Could Reach $100,000<\/strong><\/h2>\n<p>Top crypto analysts are very optimistic about Bitcoin\u2019s future, with some predicting it could hit <a href=\"https:\/\/x.com\/ali_charts\/status\/83096948\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\">$100,000.<\/a> Ali Martinez, a respected crypto expert, points out that over 70% of all open Bitcoin positions on Binance are bullish.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">70.27% of all accounts in <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@binance<\/a> with an open <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> position are going long! <a href=\"https:\/\/t.co\/PiGZp0rP58\" rel=\"nofollow\">pic.twitter.com\/PiGZp0rP58<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/83096948?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 19, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-625742\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?resize=860%2C843\" alt=\"\" width=\"860\" height=\"843\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=46 46w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=75 75w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_2f0b76.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<p>Another analyst, who goes by the name Jelle, notes that Bitcoin has recently hit important support levels, like the 100-day Exponential Moving Average (EMA) and the lower edge of an ascending triangle pattern.<\/p>\n<p>Jelle believes a bounce from these levels could push Bitcoin to $72,000 soon, paving the way for a potential rise to $100,000 in the long run. These predictions are in line with a broader optimistic view, as many believe Bitcoin\u2019s current price is a good buying opportunity.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/sOwpSxnZ\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">BTCUSD trading at $64,761 on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h3><strong>More Bullish Signs On The Horizon<\/strong><\/h3>\n<p>Bitcoin\u2019s recent price movement isn\u2019t just drawing in individual investors. More big institutional investors are showing interest, which shows growing confidence in Bitcoin\u2019s value. Large investments from well-known figures and companies signal wider acceptance and integration of Bitcoin into mainstream finance.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\">Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?<\/a><\/div>\n<p>Meanwhile, Bitcoin price prediction for July is bullish, indicating <a href=\"https:\/\/coincodex.com\/crypto\/bitcoin\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">a potential 30% rise<\/a> to over $85,000, according to crypto price tracker CoinCodex. This is despite current technical indicators leaning bearish. This suggests a potential disconnect between market sentiment and price action.<\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_625743\" aria-describedby=\"caption-attachment-625743\" style=\"width: 922px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-625743 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?resize=922%2C354\" alt=\"\" width=\"922\" height=\"354\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?w=922 922w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_169fbf.png?w=750 750w\" sizes=\"(max-width: 922px) 100vw, 922px\"><figcaption id=\"caption-attachment-625743\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coincodex.com\/crypto\/bitcoin\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinCodex<\/a><\/figcaption><\/figure>\n<p>The Fear &amp; Greed Index at 60 (Greed) further highlights this dissonance. While the price has seen nearly half bullish days (47%) over the past month with relatively low volatility (2.29%), underlying technicals may be pointing to a different story. It will be interesting to see if the predicted price increase comes to fruition or if the bearish undercurrents prevail.<\/p>\n<p>Investors are closely watching Bitcoin\u2019s price movements, looking for opportunities that could signal new highs. Although the path to $100,000 is full of uncertainty, the strategic insights from market veterans and increasing institutional interest provide a solid foundation for Bitcoin\u2019s long-term potential.<\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin keeps catching the attention of investors and analysts with its price changes and big moves. Recently trading at $65,715, Bitcoin&#8217;s small increase of nearly a percent in the last 24 hours has sparked some cautious optimism among crypto fans around the world. This newfound confidence is boosted by big whale activity and positive long-term predictions from top analysts. Related Reading: 87% Of Bitcoin Hodlers Laughing All The Way To The Bank \u2013 Here\u2019s Why Big Investor Buys $395M Worth of Bitcoin A well-known crypto whale has made headlines by buying 6,070 BTC, worth about $395 million. This is the whale&#8217;s first big purchase in over 18 months. Known for smart trading moves, this investor previously bought 41,000 BTC during the 2022 market dip at an average price of $19,000 per BTC. In a brilliant move, the whale sold 37,000 BTC during the market upswing in 2023 and 2024 at an average price of $46,800, making a huge $1.74 billion in proceeds and over $1 billion in profit. This latest purchase shows the whale&#8217;s renewed faith in Bitcoin\u2019s future, hinting at big price movements ahead. Analysts Predict Bitcoin Could Reach $100,000 Top crypto analysts are very optimistic about Bitcoin\u2019s future, with some predicting it could hit $100,000. Ali Martinez, a respected crypto expert, points out that over 70% of all open Bitcoin positions on Binance are bullish. 70.27% of all accounts in @binance with an open #Bitcoin position are going long! pic.twitter.com\/PiGZp0rP58 \u2014 Ali (@ali_charts) June 19, 2024 Another analyst, who goes by the name Jelle, notes that Bitcoin has recently hit important support levels, like the 100-day Exponential Moving Average (EMA) and the lower edge of an ascending triangle pattern. Jelle believes a bounce from these levels could push Bitcoin to $72,000 soon, paving the way for a potential rise to $100,000 in the long run. These predictions are in line with a broader optimistic view, as many believe Bitcoin\u2019s current price is a good buying opportunity. More Bullish Signs On The Horizon Bitcoin\u2019s recent price movement isn\u2019t just drawing in individual investors. More big institutional investors are showing interest, which shows growing confidence in Bitcoin\u2019s value. Large investments from well-known figures and companies signal wider acceptance and integration of Bitcoin into mainstream finance. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Meanwhile, Bitcoin price prediction for July is bullish, indicating a potential 30% rise to over $85,000, according to crypto price tracker CoinCodex. This is despite current technical indicators leaning bearish. This suggests a potential disconnect between market sentiment and price action. &nbsp; The Fear &amp; Greed Index at 60 (Greed) further highlights this dissonance. While the price has seen nearly half bullish days (47%) over the past month with relatively low volatility (2.29%), underlying technicals may be pointing to a different story. It will be interesting to see if the predicted price increase comes to fruition or if the bearish undercurrents prevail. Investors are closely watching Bitcoin\u2019s price movements, looking for opportunities that could signal new highs. Although the path to $100,000 is full of uncertainty, the strategic insights from market veterans and increasing institutional interest provide a solid foundation for Bitcoin\u2019s long-term potential. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":625755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,6664,14781],"class_list":["post-625739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-crypto","tag-whales"],"acf":[],"yoast_head":"\n<title>Bitcoin Whales On The Move: Is A $100,000 Price Tag Coming?<\/title>\n<meta name=\"description\" content=\"Bitcoin keeps catching the attention of investors and analysts with its price changes and big moves. 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Recently trading at $65,715, Bitcoin&#039;s small increase\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-21T05:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-21T03:23:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_2c0fad.jpeg?fit=1125%2C750\" \/>\n\t<meta property=\"og:image:width\" content=\"1125\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bitcoin Whales On The Move &#8211; Is A $100,000 Price Tag Coming?\",\"datePublished\":\"2024-06-21T05:00:17+00:00\",\"dateModified\":\"2024-06-21T03:23:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/\"},\"wordCount\":559,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_2c0fad.jpeg?fit=1125%2C750\",\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"whales\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/\",\"name\":\"Bitcoin Whales On The Move: Is A $100,000 Price Tag Coming?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-whales-on-the-move-is-a-100000-price-tag-coming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_2c0fad.jpeg?fit=1125%2C750\",\"datePublished\":\"2024-06-21T05:00:17+00:00\",\"dateModified\":\"2024-06-21T03:23:19+00:00\",\"description\":\"Bitcoin keeps catching the attention of investors and analysts with its price changes and big moves. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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