Non-whale BTC Investors Exceed the Previous Accumulation Record in 2017

According to recent data, the number of Bitcoins held by organizations with 10 to 100 BTC has sharply increased. According to the data gathered, between 2018 and 2022, there were 2.98 million more coins available for use in Bitcoin wallets holding between 10 and 100 BTC.

There are now significantly more Bitcoin wallets holding smaller amounts of BTC than before. This suggests that interest in Bitcoin as an investment is rising along with the demand for BTC among small-holder investors.

Key Bitcoin Levels to Watch – December 4

Since the most recent downward structure break, price action has been bearish. Despite the price’s recent crash, a slight pullback is anticipated.

As long as the price is above the moving average, the pullback bias is bullish. The news suggests a favourable assessment of the market, which could indicate a reaction to price strength.

Before the selloff resumes, a price retracement is anticipated to reach the fair value gap (FVG). The Relative Strength Index is anticipated to be in the overbought region as a means of confluence when it reaches the (FVG).

BTC Key Levels

Resistance Levels – $18700.9, $21500.0, $25450.2
Support Levels – $15700.3, $13000.0, $11800.0

Total Market Capitalization: $358.87B
Bitcoin Coin Market Capitalization: $328.53B
Bitcoin Volume: $19.22B
Market rank:1

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