Cryptocurrency

The whales crypto move when the price of Bitcoin goes up

The whales crypto to move again, as the price of Bitcoin is about to reach the mark of 10,000 USD once more. The price of Bitcoin stood at 9.761, $ 95 at this time, while the maximum is not only the monthly but also the quarterly at the same time. Enthusiasts of Bitcoin hope that the criptomoneda will emerge over the limit psychological mark of the 10,000 USD in a few days, and previous predictions expect this to happen to the 15 of February. Graph of the price of Bitcoin throughout the week, we have been witnesses of the influence of the whales crypto in this reality. Looking at the trend line in the price chart of Bitcoin from above, it is evident that the community of the criptomoneda is very much pushing to Bitcoin.

Do whales in crypto are moving the price of Bitcoin?

The day of today there have been reported three movements of the whales crypto with Bitcoin. The first was by 1300 BTC from a wallet unknown to Coinbase. Also, we have another 1000 BTC from OKEx to a wallet unknown. Another whale crypto moved 519 BTC from Binance a wallet unknown. Whale Alert also saw a few large transactions of more than 49,000 BTC between wallets unknown. The impact of the same, although enthusiastic, is unpredictable. On the other hand, although these movements do not directly affect the price of Bitcoin, they serve to support the feeling of greed that prevails in the market. Larger transactions of Bitcoin not only today, but in months, on the part of the whales crypto. The market showed a neutral position at the end of the February 5, 2020. While the last few hours of the 6th of February show an increase of 8 points in a 61%. It is believed that the whales of Bitcoin are the real driving force behind the major swings of the market. Also, these whales crypto you are playing with the Fear of Missing Out or “afraid to miss the train.” Until now, the last movements of the whales crypto seem to be giving the push that was missing the price of Bitcoin to be located above the barrier of 10,000 USD. No doubt this upward trend has been driven for several weeks, and many analysts have said much about it. Some attributed this to the halving, others to the Coronavirus, and even a mixture of these two areas and the actions of the whales crypto. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.

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