Whales are accumulating bitcoin - page 4.

Russlenat

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Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

You can move this to the speculation board.

To answer your question, the bull run is already starting, we just need that final push to confirm it--breaking Bitcoin’s current ATH. Once that happens, we’ll see a true bull run. As for predicting the new ATH, it’s hard to pinpoint where it’ll peak, but of course, we can hope for $100k or more. History shows that what seems impossible before the bull run becomes much more achievable in a bull run.

Odohu

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Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

Will it not be best to post this in Bitcoin Discussion instead of the service board?

My simply opinion is that whenever the whales are buying, the best we can do is to follow them and not go against them. So we can as well be buying aggressively as they are doing because the signs are getting clearer than a bull run is upon us. If from this point price gets to 100k, then the current price region of 69k will serve a strong support.

Learn Bitcoin

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I think you wrote on the wrong board. Mistake?

Now, if you talk about the bull run, I guess we are at the pre-bull run phase already. Since Bitcoin dominance is still high, Altcoins did not pump. We need to keep the uptrend momentum for a while to enter the bull market. But as you can see, the market is getting affected by every other news, and the market makers are playing with that. If we accumulate 10K in a month, a single-week dip can take that away. I am ready to wait more than a year to enter the full bull run. The next six months are crucial, though.

Oshosondy

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I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

Topic: Whales are accumulating bitcoin - page 4. (Read 665 times)