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Cryptocurrency News Articles
Bitcoin (BTC) Prepares to Make a Move as Whales Accumulate Near $80K
Mar 05, 2025 at 07:00 pm
Bitcoin has faced massive volatility and price swings as the market struggles with uncertainty about the coming weeks. After briefly holding above $90,000 and $85,000
Bitcoin (BTC) has been massively volatile as the market struggles with uncertainty about the coming weeks.
After briefly holding above $90,000 and $85,000, BTC lost both levels, leading to a sharp decline before bulls stepped in. Following President Trump’s announcement of a U.S. strategic crypto reserve, Bitcoin saw a strong push to $95,000.
However, despite the temporary surge, BTC remains in a highly volatile state, with traders unsure whether the recent rally signals the start of a recovery or just another short-term bounce.
Bitcoin Cumulative Volume Delta (CVD) reveals strong buy orders at key price levels, according to CryptoQuant data. Everything was bought up at $81,000, just like at $78,000, indicating that buyers are stepping in aggressively at these lower levels.
This suggests that whales and institutional investors are accumulating BTC, positioning themselves for the next major move.
Bitcoin is currently trading below the $90,000 mark, but market sentiment is shifting, with many analysts now calling for a new uptrend following the latest price action. After weeks of volatility, bulls are attempting to regain control, pushing BTC toward key resistance levels that could trigger a breakout.
Top analyst Axel Adler shared on-chain data revealing that everything was bought up at $81,000, just like at $78,000. This signals that whale accumulation remains strong, a bullish indicator suggesting that long-term investors are stepping in at these levels.
The immediate focus is on reclaiming $90,000, a critical psychological level which, if flipped into support, could set the stage for a rally toward $100,000 and a new all-time high (ATH). A successful move above $90K would reinforce bullish momentum and signal renewed confidence in the market. However, failure to do so could leave Bitcoin vulnerable to another downturn.
The biggest risk lies in BTC losing its current support levels and dropping below $80,000. If that happens, selling pressure could intensify, leading to a deeper correction. Bulls must defend current demand zones and push BTC above $90K to maintain market strength and avoid another prolonged downturn.
As Bitcoin hovers near critical price zones, the next few days will determine whether BTC breaks out or faces another retest of lower support levels. If bulls can sustain momentum, a move toward new highs remains in play. However, failure to hold key levels could extend the market’s uncertainty, keeping traders on edge as they await Bitcoin’s next major move.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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