Bitcoin Price Today : Bitcoin stays strong above $82K, rising 0.50% in 24 hours. Trading at $83,218

Bitcoin Eyes New ATH BTC stabilizes above $82.5K as whales accumulate, signaling a bullish rebound amid shifting U.S. regulations.

Bitcoin price today, August 9: BTC stays strong above $82K, showing resilience in a fearful market with 0.50% rise in 24 hours.

Bitcoin has shown resilience in a fearful market, demonstrating strength as it trades above the $82.5k level. The flagship coin is attempting to regain a macro bullish outlook after being trapped in a falling trend since the second inauguration of U.S. President Donald Trump.

However, a momentum shift has been observed in the past two weeks, signaling a potential bullish rebound toward a new all-time high (ATH). Moreover, the regulatory environment change in the United States – which has aligned all U.S. agencies, both houses of representatives, and the executives with the crypto industry – has signaled another bull rally in the near future.

Bitcoin Whale Investors Prepare for Economic Shift

After observing the crypto market in the past few weeks from the side, on-chain data shows whale investors have accelerated their Bitcoin accumulation pace. According to market data from IntoTheBlock, Bitcoin transactions greater than $100k have increased from 6,332 txs to around 9,552 txs in the past four days.

The U.S. spot BTC ETF issuers have now recorded two consecutive days of cash inflows after bleeding for the past five weeks. On Tuesday, BlackRock’s (NYSE:BLK) IBIT (NASDAQ:IBET) reported a net cash inflow of about $218 million, thus currently holding assets worth about $46.79 billion.

The renewed interest in Bitcoin from whale investors is likely influenced by the anticipated macroeconomic stabilization. Moreover, the U.S.-led tariff wars have largely been priced in during the past few weeks.

Meanwhile, the Federal Reserve is expected to hold its interest rates at 4.5 percent later today. Already, the Bank of Japan held its benchmark interest rates at 0.5 percent earlier today.

Midterm Expectations

Bitcoin price is currently retesting a crucial rising trendline, which could yield a major parabolic rally towards price discovery. From a technical analysis, if Bitcoin price breaches the support level above $80k, an accelerated selloff will be inevitable, with a short term target of about $71k.

Bitcoin price today is showing resilience in a fearful market as it trades above the $82.5k level. The flagship coin is attempting to regain a macro bullish outlook after being trapped in a falling trend since the second inauguration of U.S. President Donald Trump.

However, a momentum shift has been observed in the past two weeks, signaling a potential bullish rebound toward a new all-time high (ATH). Moreover, the regulatory environment change in the United States – which has aligned all U.S. agencies, both houses of representatives, and the executives with the crypto industry – has signaled another bull rally in the near future.

Bitcoin Whale Investors Prepare for Economic Shift

After observing the crypto market from the side, on-chain data shows whale investors have accelerated their Bitcoin accumulation pace. According to market data from IntoTheBlock, Bitcoin transactions greater than $100k have increased from 6,332 txs to around 9,552 txs in the past four days.

The U.S. spot BTC ETF issuers have now recorded two consecutive days of cash inflows after bleeding for the past five weeks. On Tuesday, BlackRock’s IBIT reported a net cash inflow of about $218 million, thus currently holding assets worth about $46.79 billion.

The renewed interest in Bitcoin from whale investors is likely influenced by the anticipated macroeconomic stabilization. Moreover, the U.S.-led tariff or price war has largely been priced in during the past few weeks.

Meanwhile, the Federal Reserve is expected to hold its interest rates at 4.5 percent later today. Already, the Bank of Japan held its benchmark interest rates at 0.5 percent earlier today.

Midterm Expectations

Bitcoin price is currently retesting a crucial rising trendline, which could yield a major parabolic rally towards price discovery. From a technical analysis, if Bitcoin price breaches the support level above $80k, an accelerated selloff will be inevitable, with a short term target of about $71k.