Whales Load Up on Bitcoin as Price Hits Key Resistance Level

Bitcoin whales have loaded up on the cryptocurrency, injecting $100 million worth of BTC into four new wallets.

This influx of funds has sparked speculation that smart money positioning is at play ahead of further upside. The current price of Bitcoin sits at $64,414.85 within the Bollinger Bands, with resistance and support levels at $65,159.37 and $63,066.44 respectively.

The technicals are looking bullish, with the EMA50 and EMA200 acting as stacked support while the MACD prints a golden cross. The Relative Strength Index (RSI) remains neutral, indicating that there's no overbought conditions.