Recent changes in Bitcoin's price hint at a potential new all-time high. With regulatory easing in the U.S., whale investors are showing increased interest.
Economic Shifts and Bitcoin's Impact
Bitcoin's price has established a support level around $82.5k. The U.S. regulatory environment supporting the crypto industry, along with global economic shifts, could contribute to a new rally.
Whale Interest in Bitcoin
On-chain data indicates an increase in large Bitcoin transactions, reflecting growing whale interest. The surge is also supported by inflows into spot ETFs.
Midterm Expectations for Bitcoin
Bitcoin is retesting a crucial rising trendline. Breaking this line could lead to a parabolic rally towards new highs. However, a breach of support might trigger a selloff aiming for $71k.
Current economic conditions and whale investor activity create favorable conditions for Bitcoin's growth, potentially leading to new records.
