Following President Trump’s announcement of tariffs on various nations, both the stock markets and crypto markets experienced significant bearish movements. However, after halting the tariffs for 90 days, the possibility of a bullish trend reemerged. Bitcoin (BTC) price managed to resist the bearish pressure and surged above $80,000, indicating a strong upward trend. This move has led to increased bullish sentiment among investors, sharks, and whales, prompting them to accumulate more Bitcoin.
After the price dropped below $80,000 for the second time, investors turned bearish. Nevertheless, the rapid recovery back above this range has restored confidence in the market. As a result, sharks and whales have resumed their accumulation activities, signaling a shift in market dynamics and sentiments.
Data from Santiment indicates a sudden increase in the number of BTC sharks holding over 10 BTC, with more than 132 wallets added in the past 24 hours. This surge suggests a growing confidence in Bitcoin and a bullish outlook on its price rally. Additionally, whales are also showing strong bullish sentiment through their accumulation activities.
CryptoQuant data reveals a significant movement of BTC worth $3.6 billion, equating to 48,575 BTC flowing into accumulation addresses. This substantial whale movement, a first since 2022, indicates a growing confidence in the market. The question now is whether the BTC price is gearing up for a major move.
Bitcoin (BTC) Price Prediction for This Week
Bitcoin has rebounded strongly from $74,500 and is now trading above $81,000. The buyers’ renewed strength suggests a push towards higher levels, with bulls eyeing the key resistance at $82,500 and potentially breaking through it. The long-term price action remains uncertain, leaning towards a possible rebound.
The weekly price action indicates an approaching decisive phase that could trigger a potential pullback. The Ichimoku cloud shows a bearish crossover on the horizon, while the RSI, below the average, hints at a bullish divergence. Therefore, a bullish close for the week above $81,500 is crucial to negate the bearish outlook.
Thus, the Bitcoin (BTC) price prediction for today, this week, and this month remains bullish as long as the price stays above $81,500.
