📝Bitcoin whales #bitcoin، are re-stacking the currency as happened in 2020.
♦️In the latest analysis of the price of Bitcoin (#BTC☀️ ), Ki Young Joo, CEO of CryptoQuant (#EarnFreeCrypto2024 ), pointed to striking similarities between current market activity and what he witnessed in mid-2020.
🔀The data indicates a noticeable increase in the accumulation of Bitcoin #bitcoin، by major investors, or what is known as “Bitcoin whales.” This is despite low price volatility.
These results have sparked interaction in the community of traders in the cryptocurrency market. Some wondered whether this activity would lead to a significant rise in prices soon.
🟢 Cryptocurrency analysts expect that the price of Bitcoin #BTC will face resistance at the level of 69 thousand dollars. This is the highest level reached during the bull run in 2021.