Investors and experts are still interested in Bitcoin because of its volatile price changes and major trades. Bitcoin’s nearly 1% rise in value over the last 24 hours has given cryptocurrency fans around the world cautious hope. The price of Bitcoin is now $65,715. A lot of whale activity and positive long-term predictions from top analysts have helped boost this newfound optimism.
Recently, a well-known crypto whale made news when they bought 6,070 BTC, which is worth about $395 million. This is the whale’s first big purchase in more than 18 months. This investor is known for making smart trades. For example, they bought 41,000 BTC when the market dropped in 2022, when each BTC was worth an average of $19,000.
Bitcoin’s Key Support Levels
The whale made a smart move when he sold 37,000 BTC during the market boom in 2023 and 2024, when the price averaged $46,800. He made over $1 billion in earnings and $1.74 billion in sales. The whale’s latest buy shows that he or she has renewed faith in Bitcoin’s future, which could lead to big price changes in the near future.
The best crypto analysts are still very optimistic about Bitcoin’s future. Some think it could hit $100,000. An important crypto expert named Ali Martinez says that more than 70% of all open Bitcoin bets on Binance are bullish.
Another expert, Jelle, talks about how Bitcoin has recently interacted with important support levels, like the 100-day Exponential Moving Average (EMA) and the bottom edge of an ascending triangle pattern. Jelle thinks that if Bitcoin prices rise from these levels, they could soon reach $72,000, which would pave the way for a long-term rise to $100,000. Many people think that Bitcoin’s present price is a great time to buy, which fits with these predictions.
Institutional investors are also very interested in Bitcoin’s recent price changes, which shows that people are becoming more sure of its value. Significant investments from well-known people and businesses show that BTC is becoming more accepted and a part of regular finance.
This month, BTC price is expected to rise 30%, reaching over $85,000, according to CoinCodex, a website that tracks cryptocurrency prices. This is true even though current technical signs point to a possible disconnect between how the market feels and how prices are moving.
The fact that the Fear & Greed Index is at 60 (Greed) makes this contradiction even clearer. There has been low volatility (2.29%) and almost half of the days in the last month have been strong (47%). However, the underlying technicals may show a different story. It’s still too early to tell if the expected price rise will happen or if negative trends will take over.
Investors are keeping a close eye on BTC price changes to see if they show signs of new highs. Even though getting to $100,000 isn’t a sure thing, Bitcoin’s long-term promise is supported by strategic insights from market veterans and growing interest from institutions.
