There’s a bullish signal for Bitcoin revealed amidst the crypto market recovery these days. Check out the latest reports about the king coin’s price below.
Bitcoin price prediction is out
According to the latest reports, the CEO of financial advisory giant deVere Group, Nigel Green, says that recent activity by Bitcoin (BTC) whales is making him bullish on the king coin.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $21,305.
According to Green, one of the reasons he is bullish is that Bitcoin whales could be preparing to jump back into the market after a longer period of selling.
“One reason is that I’m ‘whale watching.’ Whales are investors who are giant crypto holders, holding enough assets to have the potential to move currency valuations.”
According to the reports revealed by the online publication the Daily Hodl, lately, whales have been selling which has the effect of bringing down the market price as others get spooked and panic-sell.
This then allows the big players to buy back more, and cheaper, according to the same notes.
“I sense that they are preparing to make their moves to buy and top-up their holdings in the coming weeks.”
The deVere Group CEO also made sure to explain the fact that over the past four weeks, the number of Bitcoin whale addresses has increased.
“Also, there’s other noticeable whale activity taking place. The number of new wallets holding between 10,000 and 100,000 Bitcoins has jumped by 103 in the last 30 days.”
A popular crypto analyst is giving his latest outlook on leading digital assets Bitcoin (BTC) and Ethereum (ETH), one mid-cap altcoin, and the crypto markets in general.
Crypto strategist Michaël van de Poppe said not too long ago that BTC needs to find support above $19,500 to spark a rally.