The price of Bitcoin (BTC) has dipped below $98,000, with the market experiencing ongoing volatility. Typically, weekend trading sees reduced activity, and while recent ETF inflows were encouraging, traders expect more significant movements during the weekdays. Key questions arise about the activity of LINK Coin whales and expert opinions on Bitcoin and alternative cryptocurrencies.
What Are LINK Coin Whales Doing?
Recent reports from a market observer known as Ali Charts reveal a surge in whale transactions. Over the past 96 hours, a whopping 1.4 million LINK Coins were acquired, indicating that these large holders anticipate a bullish market trend.
Could BTC Surpass $100,000 Soon?
In terms of Bitcoin, analyst Daan Crypto Trades highlighted potential upward momentum in his four-hour chart analysis. Should the present trend persist, he predicts BTC could exceed $100,000 soon.
Insights from market evaluations include:
- Whales have acquired a substantial amount of Chainlink, signaling bullish expectations.
- Bitcoin’s current trading near key moving averages suggests potential for significant price movement.
- Historical patterns observed indicate that the cryptocurrency market could see increased volatility reminiscent of previous peaks.
With the overall market cap hovering around $3.5 trillion, Ethereum remains under its resistance threshold at $3,617, making the current landscape ripe for potential trading opportunities.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
