Main notes
- Glassnode reveals that whales carrying more than 10,000 BTC accumulate firmly.
- Medium-sized investors (10-100 BTC) turns into accumulation after extending distribution.
- More than 15,000 BTC moved from the central stock exchanges to a private governor last week.
Bitcoin (BTC) is trading of about $ 84,500 after weeks of fluctuations that rocked investor morale. The data on the series of Glassnode indicates that the wallets with more than 10,000 BTC continue to show a strong accumulation behavior.
Meanwhile, investors who carry between 10 and 100 BTC, who are usually considered intermediate investors, are turning towards accumulation after months of distribution.
Whales Contract> 10K $ BTC Maintaining a strong accumulation direction (~ 0.7), and continuing to drive the market. Smaller groups – from <1 $ BTC To 100 $ BTC – Reduce its distribution, with 10-100 $ BTC The group that is now hovering about 0.5, alludes to a possible axis towards … pic.twitter.com/Doywamch0g
Glassnode April 18, 2025
Interestingly, the data reveals that the smaller dust also reduces their sales operations, allowing that the process of exhaustion may be in.
Continuing ascending forward?
Glassnode’s weekly visions have noticed that there were no unrealized losses between long -term holders. Historically, the nails in these losses were associated with the confirmation of the bear market. To date, this sign remains asleep, and it sends hope to the bulls.
The famous encryption analyst Ali Martinez also repeated the upscale feelings, and revealed that more than 15,000 BTC had been withdrawn from the central stock exchanges last week. This flow indicates cold storage that investors are preparing to continue.
More than 15,000 #Bitcoin $ BTC It was withdrawn from the stock exchanges last week! pic.twitter.com/hxmnb17er
Ali (ali_charts) April 18, 2025
As Glassnode said on April 17, the Bitcoin cover, which has ever achieved $ 872 billion. However, the flow rate shows signs of fatigue, which indicates a weak appetite from new buyers and institutional buyers alike.
#BitcoinThe maximum perception of its highest level ever reached 872 billion dollars, however the monthly growth slowed to +0.9 %. This indicates that although capital flows remain positive, the appetite for the investor softens-which indicates the continuing spirits of the risk. pic.twitter.com/xbgzp7nowo
Glassnode April 17, 2025
BTC Price Outlook
daily BTC price schemeRSI currently in 52 years. This leaves room to make the price in either direction. RSI declining less than 47 would return the momentum to the bears, and perhaps BTC pulling a support test near 80,000 dollars and then $ 76,000.
BTC price scheme | Source: Trading Offer
Bollinger ranges are dramatically tightened with prices near the upper range, about $ 84,600. A continuous contract over the middle range (SMA for 20 days) at $ 84,600 can lead to a move of about $ 90,000.
However, merchants can see significant resistance in an area of 87,000 – 88,500 dollars.
Meanwhile, the blue MACD line is currently above the orange signal line with green graph bars. This also indicates that the short -term momentum is ascending.
BTC price scheme | Source: Trading Offer
It is important to note that BTC recently erupted from a 5 -month descending wedge style, confirming the bullish shift.
However, the famous analyst Crypto Cereaser explains that the EMA50 violation (SI-50-day moving average) is still necessary to confirm a long-term ups of a long-term. The main resistance area must be recovered near 87,000 dollars in order to regain decisive control.
It is important to $ BTC – #Bitcoin To break the EMA50. pic.twitter.com/eg4lj3b6jl
– Crypto Caesar (Cryptocaesaesa) April 17, 2025
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post Bitcoin Gradually Emerging from Bearish Trap: Six Digits Soon? first appeared on Investorempires.com.
