Bitcoin recovers after $ 9 billion walfonds sale: triangular patterns narrow, support at $ 118,000 stabilizes-BTC is aiming for outbreak towards $ 125,000.
Bitcoin recovers after $ 9 billion walfonds sale: triangular patterns narrow, support at $ 118,000 stabilizes-BTC is aiming for outbreak towards $ 125,000.
Bitcoin recovers after whale sales: A look at the current price scene
in the world of cryptocurrencies, Bitcoin regularly makes headlines, especially when it comes to impressive price movements and large sales actions. Bitcoin was recently affected by a massive sale of $ 9 billion, carried out by a so -called "whale", ie a large investor. Despite this severe burden, cryptocurrency shows a gratifying recovery.
Currently Bitcoin has stabilized at an important level of support of $ 118,000. This brand proves to be strong because it encourages dealers and investors to speculate on an upcoming price movement. The technical analysis indicates that the Bitcoin course moves in a narrowing triangle pattern, which typically indicates an upcoming outbreak movement.
Analysts are excited to see whether Bitcoin may make the leap towards $ 125,000. Such an outbreak could attract other investors and stabilize the price development. Investors attentively observe the market conditions, while the tension around the future price direction of the bitcoin is based.
In summary, it can be said that Bitcoin has recovered remarkably despite the challenging circumstances that resulted from the massive sale. The strong support at $ 118,000 could be a potential catalyst for a positive price development. The next few days could be crucial for the direction that Bitcoin takes.
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