Bitcoin News: Assessing the Odds of BTC Hitting $105,000 Amid Surging Whale Activity

Bitcoin is showing strong signs of a potential rally as it tests key resistance levels, with whale activity and market sentiment pointing towards a bullish future. This article delves into the factors driving Bitcoin's potential surge to $105,000 and beyond.

Bitcoin at $105,000 – Assessing the odds of BTC hitting a new ATH soon

Whale activity surged as Bitcoin formed a double-bottom pattern, testing key resistance levels. Market sentiment strengthened on the back of rising active addresses, declining exchange reserves, and the bullish buy/sell ratio. Whale activity on Binance has spiked significantly lately, with the whale ratio climbing by over 1.02%. This metric, which tracks the top inflows compared to total inflows, is used to assess large movements by major Bitcoin holders. Historically, such elevated whale activity is often seen as a precursor to large-scale buying or selling. In fact, this often precedes major price movements on the charts too. Needless to say, its latest surge has raised questions about whether Bitcoin [BTC] is on the verge of a significant market shift or just a temporary rally.

Bitcoin Successfully Retests Yearly High – All-Time High In Sight Next Week

Bitcoin is once again flirting with all-time highs after a rollercoaster of a week that showcased the cryptocurrency’s trademark volatility. The price briefly crashed to $89,100, a move that shook market confidence before staging an impressive comeback. In less than six days, Bitcoin surged over 18%, reaching a local high of $105,900 and reigniting bullish sentiment across the market. Top analyst Daan shared a technical analysis on X, highlighting Bitcoin’s clean retest of its prior yearly high—a crucial level that has now transformed into strong support. According to Daan, this retest on the 4-hour chart is a textbook bullish signal, suggesting that BTC has the momentum to push higher in the coming days. This latest move positions Bitcoin at the forefront of investor interest as it approaches uncharted territory.

Top 5 Best Crypto Presales For 2025 — Invest In these Altcoins To Capitalize In The Upcoming Bull Run

The article discusses the increasing global interest in cryptocurrency, particularly focusing on the potential of crypto presales for 2025. It highlights the importance of investing in promising altcoins to capitalize on the upcoming bull run. The context is set against the backdrop of Switzerland's proposal to include Bitcoin in its monetary reserves, which could significantly influence global crypto adoption.

Switzerland's Proposal to Include Bitcoin in Monetary Reserves

On December 31, 2023, the Swiss Federal Chancellery proposed an amendment to the Federal Constitution to include Bitcoin in Switzerland’s monetary reserves. This initiative requires 100,000 signatures by June 2026 to proceed to a referendum. If approved, Switzerland would position itself as a leader in crypto adoption, potentially setting a positive precedent for other governments.

Strategic Buying Revives Bitcoin: Navigating Critical Levels Amidst Market Volatility

The cryptocurrency market continues to exhibit remarkable volatility, offering significant opportunities for institutional and retail investors alike. Bitcoin (BTC/USD), the bellwether of the crypto space, has once again demonstrated its dynamic nature by testing and reacting strongly to pivotal support levels. Over the past few weeks, BTC/USD experienced a notable selloff, initially facing resistance around the 94,508 zone. This downward pressure cascaded into a deeper retracement, breaching the critical 91,735 level before momentarily dipping below the 90,000 psychological threshold.