The Whales Are Investing In Bitcoin
A whale has recently moved $96 million worth of Bitcoin and that's about 1,446 BTC to Binance and this happened during a small dip in the Bitcoin price.
Even though Bitcoin's price dropped a little bit to $67,281, people still have high hopes that this was merely a healthy correction before the value goes up again. The market is still positive and the big investors which if you're not familiar with the term given to them, is "whales" are buying more of Bitcoin. That shows that Bitcoin stands a high chance of rising in value.
Bitcoin is facing a lot of resistance at $69,000, that means it has to break this price margin to go higher. If it does break this price margin, it could reach say $71,000 or even $73,000 and that'll probably set a new record for the token. If you own some Bitcoin then thank the Whales because they're really helping to keep the market stable and also prevent panic selling.
What they're doing right now might encourage other investors to stay calm and wait for the next big spike in Bitcoin's price. I feel bullish and I'm not the only one.
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