Bitcoin Price Momentum Dey Speed As Whale Dem Selling Pressure Drop
Bitcoin price momentum don climb faster for di past 24 hours, e rise 2.5% reach around $115,700—wey be about 7% below im all-time high. The Whale Ratio wey dey track big investor transfer go exchanges drop from 0.54 go 0.43, show say e don reach two-week low and e mean say big whales no dey sell like before. At di same time, HODL Waves data for medium and long-term investor holdings show say dem dey gather more: 1–2 year wallet balances don increase to 10.57%, 3–6 month holdings don rise to 7.19%, and 1–3 month positions climb to 8.93%. Technical analysis talk say strong support deh around $115,400 and resistance deh for $117,600, if e fit break above $119,700 sharp sharp, e fit make price rise another 4%. Traders suppose watch key support at $114,100 and $111,900 to manage any downward risk. All these things show say bullish momentum for Bitcoin trading dey grow.
Bullish
Historically, when whale-selling pressure dey reduce, e dey usually show say price rally go happen, like for August when Whale Ratio comot reach 0.42 and BTC climb from $119,305 reach $124,000. The current pattern dey reflect that setup, with HODL Waves dey show say medium and long-term holders dey accumulate more balances—sign say market confidence dey grow. Strong support dey for $115,400 and possible breakout pass $119,700 dey make the bullish case strong. For short term, traders fit target 4% increase to break $119,000, while long-term investors fit hold their positions dey wait for fresh all-time highs. These indicators and past examples mean say bullish momentum likely go continue.