On-chain analysis platform CryptoQuant said that recent movements in Bitcoin’s price are similar to past uptrends.
CryptoQuant recently shared a in analysis, The current situation in Bitcoin coincides with past uptrends brought it forward. If history were to repeat itself, Bitcoin’s upward movements could continue.
CryptoQuant analysts emphasize that similar corrections and price movements have been seen in previous major bullish cycles. 44,500 from the dollar band $40,300 He said that the pullback to the band could also be part of this:
The past bullish pattern still persists, and if the past pattern repeats, we can assume that the current market is clearly on an upward path.
On the other hand, experienced cryptocurrency investor ali_chartswhales Deliberately lowering the price of Bitcoin Then he made a claim that he bought it again cheaply.
Investor points to on-chain data following recent declines Holding more than 1,000 BTC He stated that the number of wallets has increased significantly. He argued that in this case, whales may be making strategic price manipulation to buy at a lower price:
Following the recent Bitcoin price drop, there has been a noticeable increase in the number of wallets holding 1,000 BTC or more. This increase shows that Bitcoin whales are seizing the opportunity to accumulate more.
According to CoinGecko data, in the last 24 hours 0.9% decrease living Bitcoin, at the time of writing from $41,415 is being traded.