The rest of the atcoins are trading with widespread increases: Solana grows 11.5%, Avalanche rises 6.6% and Terra rises 3.8%.
Experts indicate that the market is taking a pause with its two main tokens facing important resistance levels. “If bitcoin price breaks this point, the bull run will almost certainly push the crypto asset towards the $60,000 mark, the next significant resistance point,” said Markets.com analyst Neil Wilson.
The fundamental, technical and data analysis of the blockchain points in this direction, since all the developments around digital currencies are positive, the charts show that it is very likely that there will be a continuation of the rises and the data of the whale movements could not be more bullish. And just in case there was any doubt, price action is showing strength after Satoshi Nakamoto’s coin has erased all of its 2022 losses, soaring 35% to new yearly highs.
Another noteworthy fact is that since Russia invaded Ukraine on February 24, bitcoin addresses that own 1,000 to 10,000 tokens, the so-called ‘whales’, have shot up 9%, according to data from the blockchain analysis platform. Santiment. Currently, there are more than 2,200 addresses holding 1,000 to 10,000 BTC, the highest level in 12 months. This build-up phase for whales is often followed by a huge price boost.
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Source: Ambito
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