Bitcoin Reverses Losses—Analysts Say $100K Is On The Horizon

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Bitcoin Reverses Losses—Analysts Say $100K Is On The Horizon - NewsBTC

Quick Summary:

Expert Weighs In Exchange Outflows Signal Short-Term Bullish Outlook The activity of these “whale” wallets is a primary gauge of market sentiment because these large holders tend to be privy to sophisticated research and market analysis that guide their investment choices.

This resistance coincides with the 50-day moving average, and Bitcoin has already tested this level four times previously.$100,000 Target Within Reach If Resistance Breaks Market watchers eye a target just below $100,000 if Bitcoin can break its current wall.

There are now 1,993 #Bitcoin wallets of this size, which is the highest… pic.twitter.com/iVYj9XdxAj — Santiment (@santimentfeed) March 31, 2025 This accumulation pattern by large holders tends to decrease the supply of Bitcoin in circulation.