The recent fluctuations in the stock markets and the crypto markets have been heavily influenced by President Trump’s decision to impose tariffs on various nations. The initial bearish actions were quickly reversed when he announced a 90-day halt on the tariffs, sparking a resurgence of bullish possibilities. Bitcoin (BTC) price managed to weather the storm and climb back above $80,000, signaling a strong upward trend.
Investors who had become bearish after the price dropped below $80,000 twice in quick succession are now regaining confidence following the rapid recovery. This has led to a renewed accumulation of Bitcoin by sharks, whales, and other investors, indicating a shift in market sentiment and dynamics.
Data from Santiment shows a significant increase in the number of BTC sharks holding over 10 BTC, with more than 132 wallets added in the past 24 hours. This surge in confidence has raised bullish flags over the BTC price rally. Additionally, whales are also actively accumulating Bitcoin, further bolstering market confidence.
CryptoQuant data reveals a massive movement of BTC worth $3.6 billion, with 48,575 BTC flowing into accumulation addresses. This significant whale movement, a first since 2022, suggests a growing market confidence and raises the question of whether the BTC price is gearing up for a major move.
Bitcoin has rebounded sharply from a low of $74,500 and is currently trading above $81,000. The renewed strength from buyers is pushing the price towards key resistance levels, with a potential breakthrough expected at $82,500. However, the long-term price action remains uncertain, with a rebound likely.
The weekly price action indicates that Bitcoin is approaching a critical phase that could trigger a potential pullback. The Ichimoku cloud is on the verge of a bearish crossover, while the RSI is showing signs of a bullish divergence. A bullish close for the week above $81,500 is crucial to dispel bearish possibilities.
In conclusion, the Bitcoin (BTC) price prediction for today, this week, and this month remains bullish as long as the price stays above $81,500. Investors are closely watching the market dynamics for any signs of further upward momentum.
