If whale selling drops below 20%, stronger accumulation could begin. But if it stays above 25%, Bitcoin may remain stuck between $65,000 and $75,000 in the short term.
Eventually, in the last 96 hours Whales have distributed over 20,000 Bitcoin, roughly $1.40 billion.
Bitcoin Price Prediction
As of now, Bitcoin is trading around $70,260, reflecting a rise of 5% seen in the last 24 hours. Looking at the 3-day price chart, an early TD Sequential buy signal has appeared. According to the chart analyst, Ali Charts, the TD Sequential indicator is commonly used to identify trend exhaustion.
When a “9” count prints after a series of consecutive bearish candles, it suggests that selling pressure may be weakening.
Based on the historical behavior of this indicator, Bitcoin could see a recovery phase over the next 3 to 9 days.
If Bitcoin holds above the recent low near $64,000, bulls may attempt to push toward the $72,000 and $75,000 resistance zone.
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