Decreased momentum and cautious anticipation .. Does the purchase of Bitcoin whales drive a new summit?

Bitcoin continues to stimulate the controversy in the market after its rise by 28% from the bottom of April, to settle currently near the level of 95,000 dollars, and despite this strong performance, the frequency prevails in the scene, as investors await a decisive signal that determines whether the current boarding wave will continue, or an imminent correction will return prices to lower levels.

The momentum slows down despite the strong gains

The price movement shows a remarkable slowdown after testing a resistance of 96,000 dollars, as the trading volume began to decline, and this reflects a state of caution in the market, and indicates the possibility of entering a cohesion stage before a large move, and dynamic support levels at 88,000 and 91,000 dollars remain decisive to maintain the upward direction.

Whales enhance the situation with a huge purchase

The “Crypto Quant” data showed that the major governor has collected more than 43,100 Bitcoin during the past two weeks, with a value of approximately $ 4 billion, and this type of accumulation is a strong positive sign, especially when it coincides with the improvement of technical indicators in the short term.

Geopolitical tensions add a layer of mystery

Markets are still under pressure from global situation, including the trade conflict between the United States and China, and fears of global economic stagnation, and these factors may hinder the rise of Bitcoin or cause sudden fluctuations if the resistance of $ 100,000 is not broken in the near time.

Hurrying or retreating, what next?

Ouinity is now heading towards resistance to $ 100,000, which, if exceeded, may push the market to a new climb and price areas that have not been tested before, and the failure may lead to a stage of correction towards 91,000 levels and 88,000 dollars, the market is in a decisive moment and investors monitor whale movements as a major indication of the next step.