Crypto
Garrett Jin Whale Buys Spark Bitcoin Breakthrough to $80K
Bitcoin has broken past $80,000 after heavy accumulation by the Garrett Jin whale entity, which bought 1,330 BTC worth $107 million at an average price of $78,057.
The purchase now holds $3.05 million in floating gains for the entity, and technical analysis suggests that a healthy retracement toward the 50-EMA level is probable before continuation.
Price action on the 4h chart shows BTC testing upper Bollinger resistance at $79,082.91, while RSI(14) sits at 78.61 in overbought territory and MACD registers a bullish golden cross at 369.36.