strong buy
Bitcoin Approaches Record High as Whale Activity Resurges
Bitcoin soared to $108,947 with traders eagerly anticipating a test of the previous month's record high of $112,000. Interestingly, after three consecutive months of declining whale and shark addresses, the network saw the addition of 622 new wallets holding over 10 BTC each within four weeks.
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AI Analysis
The recent surge in Bitcoin's price to nearly $109,000 indicates sustained bullish momentum, driven by traders' anticipation of reaching new highs. Despite a historical pattern of whale and shark addr...
AI Recommendation
Given the current bullish trend and increase in whale activity, it could be prudent to hold or consider entering long positions with tight risk management. The approaching resistance level at $112,000...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.