Bitcoin breaks the $60,000 barrier, with whale addresses intensifying their accumulation, signaling rising market confidence.
This level, which has served as a significant psychological barrier, saw BTC oscillate around it as the market reacted to the renewed bullish momentum.
This suggests that mid-sized holders, often considered influential in the market, have begun accumulating Bitcoin once again. This holding behavior could provide a stabilizing effect on Bitcoin’s price, especially if demand remains constant or increases. However, this is likely to occur after the accumulation phase, and the current sentiment favors holding rather than immediate selling.According to AMBCrypto’s analysis, Bitcoin saw a 1.74% increase in the previous trading session, bringing its price to around $59,400.This recent price movement has pushed Bitcoin’s Relative Strength Index slightly above the neutral line, signaling a shift toward a more bullish sentiment.
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