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Crypto

Galaxy Digital Unloads 1,346 BTC to Whales Amid Bullish EMA Structure

Guavy AI Editorial Team
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BTC
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Bitcoin whales have been accumulating coins as a newly created wallet received 1,346 BTC ($87.28M) from Galaxy Digital.

This move is seen as bullish for the Bitcoin price and counters any fears of a crypto market crash.

The AI industry's impact on blockchain technology has also boosted sentiment, with many seeing it as a positive development for the sector.

On the 4h chart, BTC currently holds above EMA50 support at $64221.31 with a MACD golden cross at 278.5, although testing upper Bollinger resistance at $65196.68 may prompt a healthy retracement before continuation.

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