Why does Bitcoin rise today? 76 billion dollars of whale transactions and the size of Delta constitute dual incentives
Bitcoin price was 111,800 dollars today, as the main data shows a bullish momentum supported by large whale movements and pizza day.
Bitcoin prices on Bitcoin’s optimism
Bitcoin (BTC) rose to 111,800 dollars on Friday, as it has put the highest new level ever for the second day in a row, according to Coingecko.
This upscale momentum comes in the midst of Hamas surrounding the Bitcoin Pizza Day, a historical event in the encryption that was celebrated on May 22. The symbolic nature of the event, associated with the basics of the strong market, has increased purchase morale.
At the time of this report on Friday, the price of Bitcoin is 111,557 dollars, an increase of 1.6 % over 24 hours, and green is heading in all the main long -term timetables, with the largest candle gains for 30 days (19.3 %) and 1 years (61.4 %).
These gains indicate the deep structural strength in the current BTC gathering. The increase of Friday’s increase by 1.8 % confirms that the price of bitcoin has decisively exceeded the levels of its previous resistance, supported by the whale and the total of the total.
76 billion dollars Pisces transactions indicate the institutional momentum behind the Bitcoin Rally
According to Blockchain Analysis INTOTHEBLOCK Through Sentora, Bitcoin’s large transactions increased dramatically, exceeding $ 76 billion on May 13, and nearly $ 37 billion doubled three days ago (May 10).
These large transactions follow the actual trading activity of the institutional portfolios that transport BTC at a value of $ 100,000 per transaction or more.
This activity coincides with the outbreak of BTC above $ 105,000, indicating that the accumulation of whales is accelerating the discovery of prices. Historically, such nails are sustainable size in large transactions have preceded major emerging legs in bitcoin cycles.
The trend indicates an increase in institutional confidence in Bitcoin, and may be fueled by interest rate expectations in the United States, and the ongoing narration about BTC as digital gold in the afternoon after the half.
Positive size Delta confirms the participation of the broader market
Beyond the activity of the whale, the Delta turned, the net difference between buying and purchasing pressure, decisively bullish.
While Delta remains volatile, the last six sessions showed a pure positive demand on four occasions, including a strong 2770 BTC bar earlier on Thursday, indicating the purchase of the constant immediate market on Binance.
This confirms that the assembly is supported not only through institutional flows on OTC offices but also by retail participants in the stock exchanges.
The BTC price increased from $ 94,000 to $ 111,430 in only 10 days, an increase of 18.5 %, with daily candlesticks closed in the Bollen Bander range.
Size levels, though varied, remained strong, increased verification of widespread attention. The penetration above the average range is 103,500 dollars now works as dynamic support.
Besides the sharp bullish bending of Bollegerer and multiple closure outside the upper range, the market momentum is still strong.
Analysts are increasingly targeting $ 120,000 as the next resistance area, as psychological and technical conflicts converge.
Bitcoin price expectations: Bollinger Band Dextir expansion signals
The bullish trend of Bitcoin is still intact as the momentum is merged over the upper bollinger band range, as the price is refused to decline useful.
Modern candles, despite the simple rejection during the day, continue to close in the upper third of their scope, which is an indication of continuous purchase and absorption of strong demand from profits.
A clear expansion in Bollinger Band since a breach of $ 103,000, and the current fluctuation structure does not show any signs of fatigue.
With the support of this bullish position, the Bollengerer midfield depends on $ 103,522, and it works as a dynamic pivotal point.
A continuous crowd over the upper domain of $ 112,942 will confirm continuous, especially if it is accompanied by a high size.
However, the decline can lead to less than $ 108,000 to a short -term correction towards the area of $ 103,000. If the whales continue to accumulate during simple decreases, the case may be strengthened to re -test of $ 120,000 next week.
Related questions (common questions)
Bitcoin returned Pizza on the day of the bullish emotions, and attracted the stirring of retail, while whales increased from large transactions, providing the last collapse.
Yes, with the expansion of the Bollegerer range, whale demand, and strong size, analysts look at $ 120,000 as the next main resistance area.
Pisces transactions, which exceed $ 100,000 per step, precede the high prices and indicate strong institutional confidence in BTC.
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