{"id":377058,"date":"2019-04-03T17:00:14","date_gmt":"2019-04-03T17:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=377058"},"modified":"2024-06-11T21:14:40","modified_gmt":"2024-06-11T21:14:40","slug":"yes-bitcoin-btc-whales-are-in-a-100-3-million-buy-order-is-just-the-beginning","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/yes-bitcoin-btc-whales-are-in-a-100-3-million-buy-order-is-just-the-beginning\/","title":{"rendered":"Yes, Bitcoin (BTC) Whales Are In, a $100.3 Million Buy Order is Just the Beginning"},"content":{"rendered":"
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Bitcoin price up 26 percent<\/em><\/li>\n
Surge because of a 20,000 BTC single buy order <\/em><\/li>\n<\/ul>\n
The crypto market is raving, posting double-digit gains and poised for more thanks to a $100 million, single buy order trigger identified by blockchain sleuths. Because of favorable candlestick arrangement, Bitcoin is likely to edge higher but may first correct to $4,500\u2014700 zone before trend continuation.<\/em><\/p>\n
Bitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Good news is Bitcoin (BTC) is up 26 percent in the last week, hauling periphery altcoins. Thus far, it is an impressive performance and despite all the skepticism around the source of this \u201cpump,\u201d technical as well as fundamental factors are supportive of BTC buyers.<\/p>\n
While it is likely that yesterday\u2019s and today\u2019s rally could cause an over-extension forcing a correction, there is an opportunity for traders. There are more than two reasons why BTC and the crypto market could inch higher in days ahead.<\/p>\n
Apart from politics around Brexit, there is infrastructure development and improving education that is gradually changing the narrative around Bitcoin and crypto in general. A major takeaway in all this is the entry of the so-called \u201cwhales.\u201d<\/p>\n