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Recent Bitcoin bullish outlook bolstered by consistent whale accumulation patterns. An Onchain analyst recently noted that major whale addresses are accumulating Bitcoin in large quantities. These wallets, holding between 1,000 and 10,000 BTC, display buying behavior that many interpret as a sign of upcoming market strength. Their persistent accumulation mirrors trends observed during the 2020 bull run. Even when Bitcoin’s price has been under pressure, these prominent holders have continued to build their positions.
$BTC – Quick Update! ✅👇
— Luca (@MirageMogul) April 1, 2025
We’re seeing a solid bounce off support on the low timeframes. After staying cautious at range highs, I’m now leaning slightly bullish in the short term.
The key now is watching whether this move leads to a structural shift, meaning a clean break above… https://t.co/IwYCuDippL pic.twitter.com/B8p7rjrUoA
This pattern has emerged on three separate occasions, each occurring during periods of widespread market pessimism. While many retail investors remain cautious, the large players show no signs of unloading their assets. Instead, their ongoing purchases suggest a high level of confidence in Bitcoin’s long-term recovery potential. With no indication of these whales taking profits, their activity is widely seen as a strong precursor to a future price rally, reinforcing optimism among market observers and investors alike.
Key Bitcoin Levels To Watch – March 31
BTCUSD has bounced off support near $76,800 and is now trading above $84,150, signaling renewed bullish momentum. The 9-day SMA (Simple Moving Average) at $85,020 is acting as dynamic resistance, and a clear break above this level could accelerate the move toward $100,000.
RSI (Relative Strength Index) is recovering from oversold conditions, suggesting growing buying interest. A breakout above $100,000 would confirm further upside potential, with $108,400 and $115,000 as the next key resistance levels.
BTCUSD Key Levels
Resistance Levels: $100,000, $108,400, $115,000
Support Levels: $85,010, $66,780, $53,500
Bitcoin METRICS
Total Market Capitalisation: $2.70T
Bitcoin Market Capitalisation: $1.66T
Bitcoin Volume: $27.03B
Market Rank: #1
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