Bitcoin (BTC) The rise in the price of today made investors smile. While it was observed that the risk appetite in the market increased with the rises, the fear and greed index in the market increased up to 47 points.
Well experienced analyst for Bitcoin by Will Celemente what’s your comment?
“BTC’s Goal Is Clear”
Leading cryptocurrency analyst Will Celemente The data shared by BTC says a lot about the course of the BTC price. Clemente gave critical information about the positions on Bitfinex.
According to Clemente’s information, most of the whales’ orders were withdrawn from $45,000 to $48,000. This shows that there will be no serious resistance at $ 45,000 and the whales are giving free passage to BTC up to $ 48,000.
Wall of asks just stepped in on Bitfinex from $45k-$48k. Popcorn time. pic.twitter.com/koZxscmC9L
— Will Clemente (@WClementeIII) March 25, 2022
Dan Held, one of the senior executives of Kraken cryptocurrency exchange, emphasized that the time has come for the “bear whale” to be slaughtered.
In fact, this indicates that the bearish whale has now filled its time and the rise will begin. According to analysts, the break of $ 48,000 is as suddenly as seen in the previous time. Your $52,000 may appear.
Time to slide that bear whale!
— Dan Held (@danheld) March 25, 2022
After the opening of the US stock markets NASDAQ 100experienced a sharp decline and S&P 500The fact that ‘s followed it actually had a negative attitude about BTC. The rise experienced now shows that the correlation of BTC and US stock markets has deteriorated.
According to experts such as Will Celemente and Dan Held, BTC is now ready to start an individual rally and all the data may herald a new rise.
*Not investment advice.